1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ymorist [56]
3 years ago
14

If the parties do not expressly discharge the old contract when writing a novation, the old contract will be impliedly discharge

d if the new contract's terms are inconsistent with the old contract's terms/.True/false
Business
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer:

The answer is true

<u>Explanation:</u> novation is the process in which an old contract is substituted by a new contract through an agreement .All rights and duties under old contract are  being terminated.

if parties write a novation, it will effectively nullifies the former contract.In novation one of the initial parties is replaced by new party.

Novations are most frequently used in corporate takeovers and sales of businesses.

A novation is same as an assignment where one party transfers interest in property or a business to third party as opposed to transferring the entire entity.

So is novation is written between the parties .They need not to discharge the old contract by expression.It will be automatically discharged if it's terms are inconsistent with new contract.

You might be interested in
Scott tried to file a police report after being victimized by an identity thief. However, the police department was reluctant to
saul85 [17]

Answer:

Explanation:

if the question is select multiple answers then both A and C. if it is just one answer then A.

7 0
3 years ago
Read 2 more answers
Dma corporation has bonds on the market with 16.5 years to maturity, a ytm of 7.7 percent, and a current price of $1,065. the bo
bonufazy [111]
With face value equal to $ 1000, present value equal to $ 1,065, we get nper = 16.5 * 2 = 33. Rate(ytm) is equal to 7.7%/2 = 3.85%.PMT (coupon payment)  = $ 42.01.Coupon rate = (42.01 / 1000) = 4.20%.Therefore, the annual coupon rate is equal to 4.2 * 2 which equates to 8.40%
7 0
3 years ago
The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six
joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at  : 1.33

hence the largest standard deviation =  upper limit - lower limit / 6 * 1.33

 ( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = \sqrt{variance }

std of the six-bar box = \sqrt{6*0.86^2}  = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

         = (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk =  (process mean -  lower value ) / (3*std of box)

       = ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

           = 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

 mean = 1.33 * 3 * 2.106 + 153

            = 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0
3 years ago
The entry to record a sale of 1500 with terms of 2/7
maxonik [38]

There will be a credit of $1500 to Sales Revenue included in the entry to record a sale for $1500 with conditions of 2/7, n/30.

<h3>Why is there a 2/10 N 30 sales discount?</h3>

Explain the significance of the credit terms 2/10 and n/30. 2% of the invoice amount may be withheld by the buyer if payment is made within ten days of the invoice date. -A 30-day grace period, after which full payment is expected. duration of the discount The time period during which a customer can pay less and receive a financial discount.

The phrase "2/10 net 30" means that the consumer will save 2% if the entire payment is paid within 10 days. If not, full payment must be made in 30 days.

Learn more about credit terms 2/10 and n/30: brainly.com/question/18716859

#SPJ4

4 0
11 months ago
A firm has 25 senior and 26 junior partners. A committee of three partners is selected at random to represent the firm at a conf
Sergio [31]

Answer:

There are 18,525 ways to choose at least one of the junior partners to be on the committee.

Explanation:

If all partners can be chosen in any way the choices would be combinations of any 3 partners from all 51 partners. The number of ways to arrange it would be:

A = {51 \choose 3} = \frac{51!}{3!(51-3)!}  = 20,825

The opposite of choosing at least one junior partner is to choose no junior partner. Those choices would be combinations of any 3 partners from 25 senior partners. The number of ways to arrange it would be

B =  {25 \choose 3} = \frac{25!}{3!(25-3)!}  = 2,300

So the number of ways to choose at least one of the junior partners to be on the committee would be: A - B = 20,825 - 2,300 = 18,525

6 0
3 years ago
Other questions:
  • The Appleton entity established a $200 Petty Cash fund on June 1, 200X. On June 30, 200X the fund had $45 in cash and the follow
    5·1 answer
  • The demand for most products varies directly with changes in consumer incomes. Such products are known as_________.
    13·2 answers
  • what is the economic term for the practice of assigning small parts of a complicated job to individual workers who sepcialize in
    14·1 answer
  • B&amp;T Company's production costs for May are: direct labor, $13,000; indirect labor, $6,500; direct materials, $15,000; proper
    10·1 answer
  • The High Towers Center is a 300-room hotel that was built ten years ago for a total project cost of $24,000,000. The market valu
    10·1 answer
  • Which of the following is a feature of a credit card ?
    10·1 answer
  • According to the "J curve effect," a weakening of the U.S. dollar relative to its trading partners' currencies would result in a
    9·1 answer
  • Flowers, a married taxpayer, purchased an annuity for $64,400 that will pay $700 per month over the life of Flowers and Flowers'
    5·1 answer
  • WILL MARK BRAINLIEST QUIZ ENDS AT 9:40am TODAY!!!
    6·1 answer
  • Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!