Once a Contract Has Been Substituted with Another Contract,the Original

question 58

True/False

Once a contract has been substituted with another contract,the original contract cannot be enforced against a breaching party.

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Definitions:

Late Shipment

The act of delivering goods after the expected or agreed-upon delivery time.

Potential Loss

The possible negative financial impact or damage that could occur in the future.

Rescind

To annul, void, or rescind a law, order, or agreement.

Preparatory Steps

Actions or measures taken in anticipation of a future event, often related to planning or setting up operations.