Which of the Following Is NOT a Way to Discharge

question 6

Multiple Choice

Which of the following is NOT a way to discharge contractual obligations by mutual agreement?

• A) Accord and satisfaction
• B) Novation
• C) Substituted contract
• D) Mutual rescission
• E) Anticipatory repudiation

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Definitions:

Incapacity

A condition where an individual is legally unable to make decisions for themselves due to mental or physical limitations.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed in order to be enforceable.

Enforceable

Capable of being implemented or compelled to act in accordance with laws, rules, or agreements.

Lease

A contractual agreement by which one party conveys property, services, or land to another for a specified time, usually in return for a periodic payment.