Lisa and Mandy have a contract. Mandy wants out of the contract; ...

[NguyenJ]

Lisa and Mandy have a contract. Mandy wants out of the contract; Carla Sue is willing to take Mandy's place, which is satisfactory with Lisa. When the Carla Sue for Mandy exchange is made, this is known as:
 A) third party beneficiaries.
 B) novation.
 C) accord and satisfaction.
 D) illegal activity.

Question 2

Dissolution:
 A) is the same as termination.
 B) can result from a limited partner leaving the partnership.
 C) can result from the death of a partner.
 D) All of the above

[Dunkey]

Answer to Question 1

B

Answer to Question 2

C