Which of the Following Refers to an Agreement That Substitutes

question 66

Multiple Choice

Which of the following refers to an agreement that substitutes a new party for one of the original contracting parties and relieves the existing party of liability on the contract?

• A) novation
• B) substituted contract
• C) mutual rescission
• D) accord

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Definitions:

Ethical Implications

The moral consequences or considerations related to an action, decision, or practice, particularly in how they affect individuals or society.

Marketers

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Consumer Responsibility

The duty of consumers to make informed, ethical, and sustainable choices when purchasing products or services.

Inventory

The total amount of goods or materials contained in a store or warehouse at any given time.