M & E Contracted to Sell 500 Music Stands to Coda,Inc.M

question 42

Multiple Choice

M & E contracted to sell 500 music stands to Coda,Inc.M & E shipped the stands in accordance with the agreement.Coda paid for the stands as promised.The contract between M & E and Coda is discharged by

• A)full performance.
• B)agreement.
• C)rescission.
• D)accord and satisfaction.

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Definitions:

Management

The process of directing and controlling a group or organization to achieve predetermined objectives.

Shareholders

Individuals or entities that own shares in a corporation, thereby holding a portion of the company's equity and potentially receiving dividends.

Supermajority Amendment

A requirement for a significantly higher than simple majority vote, often used in changes to corporate charters or government constitutions.

Poison Pill Amendment

A strategic defense tactic used by companies to prevent or discourage unwanted takeover bids by making the company less attractive to the potential acquirer.