Find the Vertex of the Given Equation and Determine Whether

question 1

Multiple Choice

Find the vertex of the given equation and determine whether it is a maximum or minimum point.

• A) maximum point
• B) minimum point
• C) maximum point
• D) minimum point

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Definitions:

Novation

The process of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.

Statutory Assignment

An assignment of rights that an assignee may enforce if certain conditions are met by the assignment.

Equitable Assignment

An assignment that could be enforced if all parties could be brought before the court.

Constructive Trust

An equitable remedy that imposes a trust-like obligation on someone who has wrongfully obtained or holds legal property rights.