Fiona Owed Lutz $5,000

question 11

Multiple Choice

Fiona owed Lutz $5,000.As the result of an unrelated transaction,Lutz owed Bing that same amount.The three parties signed an agreement that Fiona would pay Bing instead of Lutz and Lutz would be discharged from all liability.The agreement among the parties is:

• A)unenforceable for lack of consideration.
• B)voidable at Bing's option.
• C)an accord and satisfaction.
• D)a novation.

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Definitions:

Parallel

Entities or processes that are happening simultaneously without intersecting or affecting each other directly.

Variables

Elements, features, or factors that can be changed and measured in an experiment to determine their effects.

Main Effect

In analysis of variance, when a factor or an independent variable has a significant effect upon the outcome variable.

ANOVA

Short for Analysis of Variance, a set of statistical techniques used to compare the means of three or more samples.