A Novation Is Frequently Used to Transfer Liability on Contracts

question 101

True/False

A novation is frequently used to transfer liability on contracts from promoters to the corporation that they have formed and to release the promoter from liability.

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Definitions:

Group Cohesion

The interpersonal glue that makes members of a group stick together.

Job Satisfaction

is the degree to which employees feel content with their jobs, including aspects such as the nature of the work, compensation, and work conditions.

Organizational Productivity

The measure of how efficiently and effectively a company or organization utilizes its resources to achieve its goals.

Personal Accountability

The willingness of an individual to take responsibility for their actions and outcomes, and to transparently communicate failures and mistakes.