Drainage Equipment, Inc

question 27

Multiple Choice

Drainage Equipment, Inc., contracts to sell its assets to Earth Aquatic Corporation. Before either party has performed, rescission of this contract requires

• A) a mutual agreement to rescind.
• B) an accord and satisfaction.
• C) a novation.
• D) specific performance.

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Definitions:

Square Root

A mathematical function that provides the original value when it is multiplied by itself.

Standard Deviation

The positive square root of the variance.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or electronic media.

Sales

The activity or business of selling products or services.