Examlex

Solved

The Owner of the Rancho Los Feliz Has 2,600 Yd

question 17

Multiple Choice

The owner of the Rancho Los Feliz has 2,600 yd of fencing material with which to enclose a rectangular piece of grazing land along the straight portion of a river. If fencing is not required along the river, what are the dimensions of the largest area that he can enclose? What is this area?


Definitions:

Novation

A mutual agreement, between all parties concerned, for the discharge of a valid existing obligation by the substitution of a new valid obligation on the part of the debtor or another, or a like agreement for the discharge of a debtor to his creditor by the substitution of a new creditor.

Delegator

A person or entity that assigns tasks or duties to another party (the delegatee) while maintaining ultimate responsibility.

Obligation

A duty or commitment requiring an individual or entity to act in a certain way, often legally binding.

Duress

A situation where a person is compelled to perform an act or enter into a contract under threat of violence, harm, or undue pressure.

Related Questions