Multiple Choice
Which of the following occurs when,instead of canceling a contract,the parties substitute a new agreement in place of the original?
A) Accord and satisfaction
B) Novation
C) Substituted contract
D) Mutual rescission
E) Alteration
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q44: What will Beverly seek in order to
Q45: Monetary damages are also referred to as
Q46: The responsibility of Maurice to make arrangements
Q47: Rewriting a contract to reflect what the
Q47: When a party's obligations under a contract
Q50: Which of the following is not a
Q51: Set forth the three main situations in
Q53: Bob's house was damaged by fire.He got
Q81: Under ordinary circumstances,a party's duty to perform
Q89: Restitution is the return of any property