Roy and Sheila Are Parties to a Contract

question 44

Multiple Choice

Roy and Sheila are parties to a contract. They subsequently agree that Tony should take Roy's place and assume all of his rights and duties under the contract. This is

• A) a consideration.
• B) a modification.
• C) an accord and satisfaction.
• D) a novation.

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Definitions:

Information Technology

The use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Digital Divide

The gap between those who have ready access to computers and the internet, and those who do not, affecting opportunities for economic, educational, and social advancement.

Culture of Poverty

A concept in social theory that suggests that poverty is not only a result of lack of resources but is also perpetuated by the values and behaviors of those affected.

Mainstream Social Life

The dominant trends, behaviors, and cultural norms that are widely accepted and practiced by the majority of a society.