Mutual Discharge Occurs When

question 1

Multiple Choice

Mutual discharge occurs when:

• A)one party leads the other to reasonably believe that strict performance will not be insisted upon.
• B)a new agreement is substituted for the old by the parties.
• C)both parties abandon their original agreement while it is still executory.
• D)a party who has already performed their obligation agrees to relieve the other party from performing their obligation in return for their doing something different.

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Definitions:

Socio-Cultural Conditions

The social and cultural factors that influence an individual's behavior, beliefs, and interactions within a society.

Business Ethics

The study of proper business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Offshoring

The practice of relocating business processes or services to a different country, typically to leverage cost advantages.

Outsourcing

The practice of contracting out certain business processes or functions to external providers, often to reduce costs or improve efficiency.