Multiple Choice
Which of the following is true?
A) An accord and satisfaction involves a new party,but a substituted contract does not.
B) Both an accord and satisfaction and a substituted contract involve a new party.
C) An accord and satisfaction discharges the duties under the original contract only when it has been performed,whereas a substituted contract discharges duties under the original contract upon formation of the substituted contract.
D) A substituted contract can occur for any kind of contract but an accord and satisfaction can be used only for contracts for the sale of goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q68: Cathy signed a contract on July 1
Q69: The rule on delegation says that duties
Q70: The City of Monroe enters into an
Q71: Da Vinci,Jr.is hired to paint a portrait
Q72: When there is a substituted contract,the discharge
Q74: A third party who is not in
Q75: Which of the following types of third-party
Q76: Ralph Co.enters into an agreement to sell
Q77: Jerry Lee was a professional singer.He entered
Q78: Which of the following is true about