Select the Appropriate Type of Fixed Cost for Each Cost

question 126

Multiple Choice

Select the appropriate type of fixed cost for each cost listed below.
-cost of leasing

• A)discretionary
• B)committed

---

Definitions:

Condition Subsequent

A clause in a contract that specifies an event or action that terminates the contract or a duty under the contract.

Accord And Satisfaction

An agreement to end a contract with extra consideration to be supplied by the party benefiting from the discharge.

Discharged By Agreement

The termination of a contractual obligation or debt by mutual consent of the parties involved prior to the completion of the term specified.

Exemption Clause

A contractual term that seeks to limit or exclude one party's liability for certain breaches or scenarios.