Each of the Following Is a Discharge by Mutual Consent

question 22

Multiple Choice

Each of the following is a discharge by mutual consent except:

• A) accord and satisfaction.
• B) novation.
• C) rescission.
• D) frustration of purpose.

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Definitions:

Prices Received

The amount of money sellers actually receive for the goods or services they sell, after discounts, allowances, and deductions.

Prices Paid

The amount of money spent by purchasers to acquire goods and services.

U.S. Farm Policies

Government actions, typically involving subsidies, regulations, and support programs, aimed at supporting the agricultural sector and influencing farming practices and markets in the United States.

Agricultural Adjustment Act

A United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses.