Answer:
The correct answer is True.
Explanation:
In law, novation is defined as the modification or termination of a legal obligation or transmission by another subsequent obligation. If it extinguishes an obligation, it is called its own or extinction novation, if it essentially modifies the preexisting obligation, it is called an improper or modifying novation.
The objective Novation is a contract whereby the party extinguishes the original obligation by replacing it with a new obligation with a different purpose or title. The institution in question apparently has the category of way of extinguishing the obligations, particularly in the unsatisfactory way as long as it does not fulfill the interest of the creditor. The debit is extinguished, but the credit was not satisfied.
Answer:
98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents
Explanation:
We have to normilize the tuiton standard deviation adn then, look into the table for the accumulated probabiliti at their Z value:
Pz = 1,613499768839575
We look into the able and the probability is 0.981044728 that is 98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents
Answer:
The amount of Compensation expense to Year 1 is $153,333.
Explanation:
Stock options granted 92000
X Fair value on date of grant 5
Total compensation expense 460000
Years 3
Compensation expense per year 1 53333
Therefore, The amount of Compensation expense to Year 1 is $153,333.
Perfect competition is a term describing a market with many buyers and sellers where buyers can move from seller to seller freely. Monopoly is where all buyers choose one seller giving them monopoly over the market.