Which of the Following Is True About a Substituted Contract

question 85

Multiple Choice

Which of the following is true about a substituted contract?

• A) The prior contract can be enforced against a breaching party of a substituted contract.
• B) A nonbreaching party can sue to enforce its terms against the breaching party.
• C) Parties in the contract are not liable for nonperformance.
• D) The contract substitutes a third party for one of the original parties.

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Definitions:

Intellectual Capital

The collective knowledge, skills, and experience that an organization possesses, which can be used to create wealth.

Organization's Systems

Organization's systems are the set of procedures, processes, and routines that dictate how tasks and operations are carried out within a company.

Intellectual Capital

The intangible resources of an organization, including human knowledge, relationships, and organizational processes that contribute to its competitive advantage.

Employee Turn Around

The process of an organization improving the performance, morale, or retention of its workforce, often through strategic human resources interventions.