Microbusiness Refers to

question 13

Multiple Choice

Microbusiness refers to

• A)a business that operates in the computer industry
• B)a retail business with only one location
• C)a totally paperless business
• D)a business that has fewer than five employees

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Definitions:

Assignment Valid

Refers to the legal transfer of one party's rights and benefits under a contract to another party, recognized as legitimate and binding.

Delegable

Capable of being assigned or entrusted to another person or party, particularly in the context of duties or authority.

Contractual Duty

An obligation imposed by a contract that requires a party to act or refrain from acting in a certain manner.

Novation

The act of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.