When Parties to a Contract Mutually Agree to Cancel an Old

question 12

Multiple Choice

When parties to a contract mutually agree to cancel an old contract and replace it with a new one, which of the following is true?

• A)To be enforceable, there must be added features in the new contract benefiting both parties.
• B)One party's past performance under the original contract is sufficient consideration for the new contract.
• C)The new contract is void.
• D)Neither party has a right to make changes to the original contract.

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Definitions:

Agents

Individuals or entities that act to produce a particular effect or bring about change, often in the context of social, political, or economic processes.

Agency

The capacity of individuals or groups to act independently and make free choices, shaping their own lives and the structures around them.

Sexual Relations

Interactions between individuals involving sexual intimacy or activities.

Public Space

Areas in communities that are open and accessible to people, such as parks, streets, and public squares, meant for use and enjoyment by the public.