The Parties to a Contract May End the Contract Through

question 46

Multiple Choice

The parties to a contract may end the contract through agreement, but this method does not include

• A) novation.
• B) accord and satisfaction.
• C) change in the law.
• D) rescission.

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Definitions:

Integrative Skills

Abilities that facilitate combining various elements or parties into a unified or coherent whole, often in a conflict-resolution or collaborative context.

Distributive Skills

Abilities essential for dividing, allocating, or distributing resources or benefits among parties in a negotiation.

Value Claiming

The process in negotiations where individuals aim to maximize their own gain, often at the expense of others.

Value Creation

The process of increasing the worth of goods, services, or business activities by enhancing features or improving efficiency.