Hydraulic Fracturing Involves Extracting Oil and Gas from Thin Layers

question 10

Multiple Choice

Hydraulic fracturing involves extracting oil and gas from thin layers of which type of rock?

• A)sandstone
• B)shale
• C)slate
• D)granite
• E)limestone

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Definitions:

Accord And Satisfaction

A legal contract wherein parties agree to settle a dispute by accepting terms that differ from the original obligation.

Novation

The act of replacing an existing obligation with a new one, thereby extinguishing the original obligation.

Substituted Contract

This is a legal agreement replacing an earlier contract, agreed upon by all parties involved, and discharging the original contractual obligations.

Obligee

The party in a contract or agreement who is entitled to receive a performance or benefit from the obligor.