The Parties to a Contract May Modify the Agreement with No

question 39

True/False

The parties to a contract may modify the agreement with no additional consideration by simply substituting a new contract.

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Definitions:

Monopoly

A situation in which there is only one individual or organization, without competitors, providing a particular good or service.

Bypassing

The act of avoiding or circumventing an obstacle or barrier, often used in the context of communication to describe misunderstandings that arise from the use of vague or ambiguous language.

Traditional Media

Forms of mass communication existing before the advent of digital media, including newspapers, magazines, radio, and television.

Antitrust

Laws and regulations designed to promote competition and prevent monopolies in the market.