Multiple Choice
Ranjit and Samantha,who are both business students,entered into a contract.He promised to tutor her in the law of negotiable instruments,and she promised to type his handwritten notes for him after each class.The contract was to start on September 1 and was to last for one academic year.Before the beginning of September,however,Samantha learned that she was enrolled in a course on mortgages,rather than a course on negotiable instruments.Furthermore,Ranjit received a laptop computer as a present from his parents.Ranjit and Samantha therefore have agreed that the original terms of their contract no longer make much sense.They also agree that it would be preferable if he tutored her in the law of mortgages and she designed a database that will allow him to most effectively use the lectures notes that he types for himself in class.Which of the following processes would best suit the parties' needs?
A) rescission
B) variation
C) accord and satisfaction
D) release
E) waiver
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Tippi and Alfred entered into a contract
Q28: Boris purchased confidential information from Natasha for
Q29: Which of the following techniques for discharging
Q31: Which of the following rules applies with
Q33: A contract existed between David and Tawny.Although
Q34: Sasha owed $350 to Nicole.Under the terms
Q36: Green Thumb Inc contractually agreed to provide
Q37: Jasper owed $5000 to Miranda under the
Q56: Explain the difference between a "condition," a
Q62: Which of the following statements is TRUE