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:

IS Professionals

Information Systems Professionals, individuals who specialize in the development, implementation, and maintenance of computer systems designed to organize, store, and communicate information.

Information Systems

Systems that collect, process, store, analyze, and disseminate information for a specific purpose.

Pilot Conversion

Implementation process that introduces the new system in one part of the organization on a trial basis. When the new system is working properly, it is introduced in other parts of the organization.

Scope Creep

Adding functions to an information system after the project has begun.