Barbara and Johann Are Parties to a Contract

question 38

Multiple Choice

Barbara and Johann are parties to a contract. They agree on a novation. The novation requires

• A) ​the existence of a previous, valid obligation.
• B) ​consideration greater than $5,000.
• C) ​performance of the original contract by all of the parties.
• D) ​an accord and satisfaction.

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Definitions:

Broadband

An always-active Internet connection that offers speeds surpassing those of conventional dial-up services.

High Bandwidth

Describes a communication link or network with the capacity to transport a large amount of data in a given time period, often associated with high-speed internet connections.

Twisted-Pair

A type of cabling used in telecommunications in which two conductors are twisted together to cancel out electromagnetic interference.

Availability

The degree to which a system, component, or service is accessible and usable upon demand by authorized users.