In Which of the Following Situations Would the Contract Not

question 5

Multiple Choice

In which of the following situations would the contract not be discharged by agreement?

• A) Both parties agree to let a new person be substituted into the contract in place of one of the old parties.
• B) Both parties to the contract agree to call it off before either one has performed.
• C) A condition subsequent that calls for termination of the contract has not been met.
• D) The two parties have reached "accord and satisfaction" with regard to terminating the contract.
• E) Both parties agree to call off the contract under which one paid the other $5000 for work that has not yet been performed, but the other now promises to return the $5000.

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Liberal Theory

Liberal theory advocates for individual rights, free trade, and minimal government intervention in the economy, emphasizing individual freedom and equality.

Conservative Theory

A political and social philosophy that promotes retaining traditional social institutions in the context of culture and civilization.

Subsist

To maintain or support oneself, especially at a minimal level.