Which of the Following Is Used When, by Agreement, One

question 40

Multiple Choice

Which of the following is used when, by agreement, one of the parties substitutes a different performance for his or her original duty under the contract?

• A) Accord and satisfaction
• B) Novation
• C) Substituted contract
• D) Mutual rescission
• E) Alteration

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Definitions:

Glucose

An elementary form of sugar critical for energy in living organisms, also making up parts of numerous carbs.

Cholesterol

A waxy, fat-like substance present in all cells of the body, needed to make vitamin D, hormones, and substances that help digest foods.

Lipid

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and others, serving as key components of cell membranes and energy storage.

Steroid

Large family of lipids, including some reproductive hormones, vitamins, and cholesterol.