FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lisa and Connor decide to rescind their contract and make new tems. They must form A. a second agreement that includes an offer and acceptance,

image text in transcribed
Lisa and Connor decide to rescind their contract and make new tems. They must form A. a second agreement that includes an offer and acceptance, but no consideration znd specifies that this is an amended contract. B. an accord C. a novation. D. a second agreement that includes an offer, acceptance, and consideration

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Non-Technical Guide To International Accounting

A Non-Technical Guide To International Accounting

Authors: Roger Hussey, Audra Ong

1st Edition

1946646865, 9781946646866

More Books

Students also viewed these Accounting questions

Question

★★★★★
Your parents have promised to give you a graduation present of $5,000 when you graduate in four years time. If interest rates stay at 6% compounded annually for the next four years, how much is this...

Answered: 1 week ago

Question

★★★★★
A sample of 30 students were randomly selected from a large group of students taking a certain calous test. The mean score for the students in the sample was 83. Assume that ex134 Constrict a 99%...

Answered: 1 week ago

Question

★★★★★
Discuss the importance of marital status in determining how aggressively men invest. What are some of the outstanding issues with this research?

Answered: 1 week ago

Question

★★★★★
Dreiling Company borrowed $300,000 on January 1, 2017, by issuing a $300,000, 8% mortgage note payable. The terms call for annual installment payments of $40,000 on December 31. Instructions (a)...

Answered: 1 week ago

Question

★★★★★
Question 1 ( 3 0 Marks ) The catalytic reaction of carbon monoxide with hydrogen was conducted in a gas phase for the production of methanol according to following reaction: C O ( g ) + 2 H 2 ( g ) C...

Answered: 1 week ago

Question

★★★★★
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $535,300. The conversion cost for the...

Answered: 1 week ago

Question

★★★★★
Simply put, it gave the impression that things were three times larger than they actually were. He improved the design of the telescope so that it could zoom in eight times and then thirty. The...

Answered: 1 week ago

Question

★★★★★
Makeup product (e.g. any one item such as eyeshadows, foundation etc. ) Hint: How will you obtain feedback about competitors' similar products? Use survey or other method for collecting customer...

Answered: 1 week ago

Question

★★★★★
During July, the following are given: Standard unit price 12.50 Standard Quantity Allowed for actual production 6,300 units Actual unit purchase price Quantity purchased and used for production...

Answered: 1 week ago

Question

★★★★★
An RFP is used for what type of procurement? Give an advantage and a disadvantage of the RFP process

Answered: 1 week ago

Question

★★★★★
You are the area manager of several starbucks and you make all of the decisions regarding land, building, and equipment. Additionally you are responsible for all of the profits of the starbucks in...

Answered: 1 week ago

Question

★★★★★
Customers arrive at a photocopying machine at an average rate of 2 every five minutes. Assume that these arrivals are independent, with a constant arrival rate, and that this problem follows a...

Answered: 1 week ago

Question

★★★★★
An analyst predicted that 3.5% of all small corporations would file for bankruptcy in the coming year. For a random sample of 100 small corporations, estimate the probability that at least 3 will...

Answered: 1 week ago

Question

★★★★★
4.48 The following two acceptance rules are being considered for determining whether to take delivery of a large shipment of components: A random sample of 10 components is checked, and the shipment...

Answered: 1 week ago

Previous Question Next Question