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Which of the Following Refers to an Agreement That Substitutes

question 66

Multiple Choice

Which of the following refers to an agreement that substitutes a new party for one of the original contracting parties and relieves the existing party of liability on the contract?


Definitions:

TSX

The Toronto Stock Exchange, a major stock exchange located in Toronto, Canada.

Venture Exchange

A marketplace meant for trading the stocks and securities of smaller or emerging companies.

Agency Problem

A conflict of interest inherent in any relationship where one party is expected to act in another's best interests, such as between shareholders (principals) and company executives (agents).

Stockholders

Individuals or entities that own shares in a corporation, giving them an ownership stake.

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