Which of the Following Is True of an Accord

question 59

Multiple Choice

Which of the following is true of an accord?

• A) The accord terminates the original contract.
• B) The nonbreaching party cannot enforce the original contract if the accord is not satisfied.
• C) It is enforceable even though no new consideration is given.
• D) An accord is only reached when both parties of the contract fail to meet their contractual obligations.

---

Definitions:

Racketeering Activity

An illegal activity performed as part of an organized crime operation.

Professional's Conduct

The manner in which professionals are expected to behave, typically guided by ethical rules and standards of their profession.

Actual Damages

Financial compensation awarded to a plaintiff in a lawsuit for actual losses or harm suffered due to the defendant's actions.

Regulation AC

A rule set by the U.S. Securities and Exchange Commission that requires analysts who make public recommendations or reports to disclose any potential conflicts of interest.