Roy and Sheila Are Parties to a Contract

question 26

Multiple Choice

Roy and Sheila are parties to a contract. They subse?quently agree that Tony should take Roy's place and assume all of his rights and duties under the contract. This is

• A) a novation.
• B) an accord and satisfaction.
• C) an assignment.
• D) a modification.

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Definitions:

Constraints

Limitations or restrictions that affect the course of action in decision-making processes.

Optimal Solution

The most favorable or best outcome achievable within a given set of constraints or conditions.

Constraints

limitations or restrictions in a process, project, or system that affect its performance, output, or capability to achieve goals.

LP

Stands for Linear Programming, a mathematical technique for optimizing resources and outcomes within given constraints.