Emmalee Oconnor

Business

31 March, 14:40

Eric and Chelsea sign a contract where Eric will sell his used car to Chelsea for $400. That night, Chelsea's parents surprise her with a new car. Chelsea's friend, Andrea, needs a new car. Andrea, Chelsea and Eric sit down the next day and cross off Chelsea's name on the contract and write in Andrea's name. All three of the parties initial the changes. This is:a. a satisfaction.

b. an accord.

c. a novation.

d. a rescission.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Eric and Chelsea sign a contract where Eric will sell his used car to Chelsea for $400. That night, Chelsea's parents surprise her with a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Mars inc., a manufacturer of cat food in texas, places an ad in a publication aimed at veterinarians. the ad explains why they should recommend mars's cat food to the owners of the cats they treat.

Kelsey and Cody have been making payments on this furniture for 18 months, but Cody gets laid off from his job, and their income drops substantially. They are unable to stay current on their account even though they have paid $2,070 of the bill.

What are common questions that users may have about a website

How long can foodborne illnesses last

The budgeted production of Capricorn, Inc. is 14 comma 000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $ 90.00 per hour. Calculate the budgeted cost of direct labor for the month.

New Questions in Business

The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.

Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520

When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false

What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?

Burns Industries currently manufactures and sells 20.000 power saws per month, although it has the capacity to produce 35,000 units per month.