According to the Accord and Satisfaction Agreement,the Duties Under the Original

question 63

Multiple Choice

According to the accord and satisfaction agreement,the duties under the original contract is discharged when the ________.

• A) parties do not agree to the accord
• B) alternative contract is not satisfied
• C) original contract is suspended
• D) accord is performed

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Definitions:

Techniques of Production

The methods and processes used by firms to produce goods and services efficiently.

Price of Output

The amount of money that a firm receives from the sale of goods and services it produces.

Price of Inputs

The cost associated with the resources used in the production of goods and services.

Marginal Cost

The cost added by producing one extra item of a product.