Which of the Following Occurs When,instead of Canceling a Contract,the

question 49

Multiple Choice

Which of the following occurs when,instead of canceling a contract,the parties substitute a new agreement in place of the original?

• A) Accord and satisfaction
• B) Novation
• C) Substituted contract
• D) Mutual rescission
• E) Alteration

Understand the utility of visuals in presenting data and concepts effectively.

Comprehend the versatility of bar charts in data comparison and presentation.

Grasp the importance and execution of summarizing information through tables.

Understand project management tools like Gantt charts and their application in tracking project progress.