An Obligee's Promise to Accept a Stated Performance in Satisfaction

question 14

True/False

An obligee's promise to accept a stated performance in satisfaction of the obligor's existing contractual duty creates an accord.

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Definitions:

Global Commodity Chain

A global system of manufacturing and distribution channels that a product navigates before being acquired by the end user.

Marketer

A person or company responsible for promoting and selling products or services.

Globalization

Occurs as people become increasingly aware of, and dependent on, one another.

Wind

Air in motion relative to the surface of the Earth, ranging from gentle breezes to powerful gusts and storms, caused by the uneven heating of the Earth's surface.