________ Is an Agreement Whereby the Parties Agree to Accept

question 69

Multiple Choice

________ is an agreement whereby the parties agree to accept something different in satisfaction of the original contract.

• A) Counteroffer
• B) Accord
• C) Promissory estoppel
• D) Mirror image acceptance

---

Definitions:

Subscription Price

The price at which existing shareholders can purchase new shares of stock in a company, usually at a discount to the current market price.

Net Present Value

The contrast between the present value of money received and the present value of money spent over a duration.

Fixed Assets

Long-term tangible assets that are used in the operating activities of a business and are not expected to be consumed or converted into cash in the short term.

Equity Shares

Shares of stock that represent ownership in a company, entitling the shareholder to a portion of the corporation's profits and assets.