The Discharge by Parties of Their Obligations by Doing What

question 46

Multiple Choice

The discharge by parties of their obligations by doing what they respectively agreed to do under the terms of the contract is called ______________.

• A) Discharge by tender
• B) Discharge by performance
• C) Discharge by finishing
• D) Discharge by absolution
• E) Discharge by reason

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Definitions:

Short-Term Financing

The process of obtaining funds to cover immediate needs, typically for a period of less than one year.

Cash Inflow

The money entering a business or project from various sources, such as sales, investments, financing, and operations.

Business Plan

A detailed document outlining the goals, strategies, financial projections, and operational framework for a new business or business expansion.

Personal Computers

Electronic devices designed for individual use, capable of executing a set of commands to perform various tasks.