Author Question: When parties to a contract mutually agree to cancel an old contract and replace it with a new one, ... (Read 106 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
When parties to a contract mutually agree to cancel an old contract and replace it with a new one, which of the following is true?
 A) To be enforceable, there must be added features in the new contract benefiting both parties.
 B) One party's past performance under the original contract is sufficient consideration for the new contract.
 C) The new contract is void.
 D) Neither party has a right to make changes to the original contract.

Question 2

The parol evidence rule generally precludes testimony that would contradict a complete written contract.
  Indicate whether the statement is true or false



Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

For a complete list of videos, visit our video library