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Ann [662]
2 years ago
15

Following the formation of a corporation, which of the following terms best describes the process by which the promoter is relea

sed from, and the corporation is made liable for, preincorporation contractual obligations?
A. Assignment.
B. Novation.
C. Delegation.
D. Accord and satisfaction.
Business
1 answer:
FromTheMoon [43]2 years ago
7 0

Answer:

The correct option is option B

Novation.

Explanation:

Novation is the substitution of a new contract in place of an old one. It is the act of replacing an obligation to perform with another obligation .

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The liaison role of a manager encompasses relationships with subordinates, including communication and influence, whereas the le
QveST [7]

Correct/Complete Question:

The liaison role of a manager encompasses relationships with subordinates, including communication and influence, whereas the leader role of a manager pertains to the development of information sources both inside and outside an organization. True or False.

Answer:

False

Explanation:

The role of a liaison manager is to maintain communication/information links inside and outside an organization while a manager in the leader role being one of the characteristics of a manager, involve the manager interacting directly and motivating subordinates as well as training subordinates.  

Cheers.

4 0
3 years ago
A $1,000 face value bond has a coupon rate of 7 percent, a market price of $989.40, and 10 years left to maturity. Interest is p
dlinn [17]

Answer:

4.95%    

Explanation:

For computing the yield to maturity when expressed in real terms, first we have to find out the yield to maturity by applying the RATE formula that is shown in the attachment

Given that,  

Present value = $989.40

Future value or Face value = $1,000  

PMT = 1,000 × 7% ÷ 2 = $35

NPER = 10 years × 2 = 20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  the yield to maturity is 7.15%    

Now in real terms, it would be

= 7.15% - 2.2%

= 4.95%    

7 0
2 years ago
Dependable Appliances, Inc. and Elain enter into a contract for a sale of kitchen appliances. Dependable, a merchant who deals i
Anuta_ua [19.1K]

Answer:

B) fit for the ordinary purpose for which such goods are used.

Explanation:

An implied warranty of merchantability means that the products sold should fulfill an ordinary buyer's expectations and should be fit for the purpose intended.

All products carry an implied warranty of merchantability unless expressly disclaimed or identified as a sale "with all faults" or "as is".

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3 years ago
Microsoft receives a cash payment in advance for cloud services is an example of
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1. Unearned Revenue
2. Accrued Expense
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On January 1, 2021, Red Flash Photography had the following balances: Cash, $18,000; Supplies, $8,600; Land, $66,000; Deferred R
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29 25 26 or even 55 maybe 27 28
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3 years ago
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