Conversion by Direct Changeover Means That, on a Specified Date

question 53

True/False

Conversion by direct changeover means that, on a specified date, users stop using the old system and the new system is put into use.

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Definitions:

Impossibility

A defense in contract law where a party claims that fulfilling the contractual obligations has become objectively impossible due to unforeseen events.

Contractual Obligations

Responsibilities that parties are legally bound to perform as outlined in a contract agreement.

UCC

Uniform Commercial Code, a standardized set of laws and regulations intended to facilitate the smooth transaction of commerce among American states.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States.