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
nikdorinn [45]
3 years ago
9

Molly and Craig are the original parties to a contract. Craig is obligated to design a Website for Molly. They subsequently make

an agreement with Eric that Eric should take the place of Craig and assume all of Craig's rights and duties under the contract. The agreement releases Craig from his obligations under the contract. This agreement is:
a. a novation.
b. an accord and satisfaction.
c. an assignment.
d. a nullification
Business
1 answer:
aliya0001 [1]3 years ago
8 0

Answer:

A. A Novation

Explanation:

A novation is contract law or business law term that can represent the following situations:

1. Replacing an already established obligation to perform with another obligation

2. Adding a new obligation to perform to the already established obligation

3. Replacing a party to an agreement who is supposed to perform an obligation with a new party.

Replacing a party to an agreement with a new party

The kind of novation that has occurred in the question is the third type where the obligations of Craig to design a website for Molly has been replaced with the agreement by Eric to take Craig's place and design the website for Molly.

The Novation clause is that: all parties involved in this type of contract must consent to the changes

You might be interested in
Suppose we want to estimate household size, where a “household” is defined as people living together in the same dwelling, and s
icang [17]
Asking the elementary students how big their family size is should give a fairly good picture of how many people live under the same roof for their family. Since it is for elementary students chances are that most of the child's siblings would still be at home, though some could be college age and not live at home anymore. Also, though  with the high divorce rate that has been evident at least in the 80's and 90's in North America, some members of the family ie fathers or mothers and some siblings may live in another household. 
5 0
4 years ago
Your company currently has par, coupon bonds with 10 years to maturity and a price of . If you want to issue new 10-year coupon
vovangra [49]

Answer:

I looked for the missing numbers and found the following question:

Your company currently has $1,000 ​par, 6.5% coupon bonds with 10 years to maturity and a price of $1,078. If you want to issue new​ 10-year coupon bonds at​ par, what coupon rate do you need to​set? Assume that for both​ bonds, the next coupon payment is due in exactly six months.

We need to calculate the yield to maturity (YTM) of the current bonds. Since the bonds pay interests every 6 months, then the coupon = $32.50

YTM = {coupon + [(face value - market value)/n]}/[(face value + market value)/2]

YTM = {32.5 + [(1,000 - 1,078)/20]}/[(1,000 + 1,078)/2]

YTM = 28.6 / 1,039 = 0.275 x 2 = 5.5053% ≈ 5.51%

In order to sell the new bonds at par, the coupon rate must be 5.51%

3 0
3 years ago
1. Out of 115000 students, 20% failed in SLC,40% of failers.
ahrayia [7]

Explanation:

hope this helps you..............

6 0
3 years ago
Read 2 more answers
Chelsa manufacturing co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable
dem82 [27]
Calculate variable cost per unit

40000/5000=8 per unit

And
5000/5000=1 per unit

Variable cost per unit=8+1=9 per unit

So variable cost at 8000 units is
8,000×9=72,000

Your answer is
d. variable costs of $72,000, and $23,000 of fixed costs
4 0
3 years ago
"What if calories cost money? That is, what if one
Oliga [24]

Answer:

I actually do think that people will stop buying this type of food from time to time because if it has calories added into it then it will make the price of the food go up and I don’t think that people would like that.For example, most people that are trying to keep their diet equal aren't going to buy this for two reasons.The first reason is because they don’t want to gain more calories and the second reason is because they don’t want to pay extra for calories.And to answer the question about the big mac, the price of it is just $13.20 and it just depends on how many calories are in there to add more to the price of the food. That's my answer to this question.

Explanation:

6 0
3 years ago
Other questions:
  • The ____ handles certain cases involving credit card fraud and identity theft.
    11·1 answer
  • Sheffield Corporation had net sales of $2,417,500 and interest revenue of $39,900 during 2020. Expenses for 2020 were cost of go
    9·1 answer
  • You do an internet search and the results list includes the Web site www.FDIC.gov. This information is?
    8·2 answers
  • ne of the most common mistakes new business owners make is A. not establishing a good relationship with a financial institution.
    6·2 answers
  • Fill in the blanks with words that would best complete the passage. business of selling, unreasonably dangerous, proximate cause
    6·1 answer
  • Suppose a firm produce 20 units per month and has a total variable cost of R3000 per month.If it's average fixed costs are R400
    8·1 answer
  • Why is it important to reconcile your bank statements?
    13·1 answer
  • On March 1, Bartholomew Company purchased a new stamping machine with a list price of $87,000. The company paid cash for the mac
    10·1 answer
  • How do you write an executive summary for Business planning.....​
    8·1 answer
  • Kohl’s is addressing the increasing importance of technology in the retail experience by investing in.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!