The Parties' Discharge of Their Obligations by Doing What They

question 9

Multiple Choice

The parties' discharge of their obligations by doing what they respectively agreed to do under the terms of the contract is called ____.

• A) Discharge by tender
• B) Discharge by performance
• C) Discharge by finishing
• D) Discharge by absolution
• E) Discharge by reason

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Definitions:

Break-Even Point

The level of business operations at which revenues and expired costs are equal.

Cost-Volume-Profit Chart

A chart that graphically shows sales, costs, and the related profit or loss for various levels of units sold.

Total Costs

The sum of all costs associated with the production or acquisition of goods and services, including variable and fixed costs.

Sales Line

A term used to refer to the product line or range of products that generate sales revenue for a business.