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.
a
Business
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A value computed from a population is called:
A) a statistic. B) a real number. C) a parameter. D) a point estimate.
Business
Which of the following is a CORRECT statement about the two bases of accounting?
A) Cash-basis accounting records revenues when they are earned. B) Cash-basis accounting records expenses only at the end of the month. C) GAAP requires accrual accounting. D) Only the largest companies in the United States use accrual accounting.
Business