Author Question: When parties to a contract mutually agree to cancel an old contract and replace it with a new one, ... (Read 103 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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

For a complete list of videos, visit our video library