When Both Parties Agree That Their Contractual Relationship Should Be

question 84

Multiple Choice

When both parties agree that their contractual relationship should be terminated without performance and their obligations are discharged, this is:

• A) anticipatory breach
• B) novation
• C) accord and satisfaction
• D) discharge by operation of law
• E) none of the other choices

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Definitions:

Zero-Sum Situation

A scenario in negotiations or competitions where one party’s gain is exactly balanced by another party’s loss.

Positive Correlation

A relationship between two variables where they move in the same direction.

Non-Zero-Sum

A situation where the gain or loss of one party is not exactly balanced by the loss or gain of another, allowing for mutual benefit.

Integrative

Pertains to a negotiation approach aimed at finding mutually beneficial solutions by addressing the interests and needs of all involved parties.