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Author Question: When parties to a contract mutually agree to cancel an old contract and replace it with a new one, ... (Read 108 times)

Brittanyd9008

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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