Liabilities Under a Contract Can Be Assigned (Transferred)from One Party

question 13

Multiple Choice

Liabilities under a contract can be assigned (transferred) from one party to another by 'novation'.This means that all the parties agree:

• A)to replace the old contract with a new one that contains the same terms but allows a third party to be substituted for one of the original parties.
• B)to enter into an additional contract and pay novo damages to one or more parties.
• C)to replace the old contract with a new one that contains different terms.
• D)to discharge (end)the original contract and try to find new business partners

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Definitions:

Population Cycle

The fluctuation in population numbers over a period of time due to factors like food availability, predation, and disease.

Population Behaviours

The collective actions and patterns of behaviour exhibited by individuals within a population, influencing and being influenced by social and environmental factors.

Density-dependent

Factors whose effects on the size or growth of the population vary with the population density.

Intrinsic Rate

The maximum rate of growth of a population under ideal conditions, reflecting its reproductive potential and sustainability.