Which of the Following Techniques for Discharging a Contract Does

question 63

Multiple Choice

Which of the following techniques for discharging a contract does not require fresh consideration?

• A)performance in full by both parties
• B)waiver
• C)variation
• D)accord and satisfaction
• E)novation

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Definitions:

Common Stock

Shares representing ownership in a company, giving holders voting rights and a share in the company's profits through dividends.

Retained Earnings

Profits that a company has kept or retained rather than paid out as dividends to shareholders.

Dividends

Payments made by a corporation to its shareholder members, typically from profits earned.

Revenues

The total amount of money received by the company for goods sold or services provided during a certain period.