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A(n)________ Occurs When Parties,by Mutual Agreement,discharge a Valid Existing Obligation

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A(n) ________ occurs when parties,by mutual agreement,discharge a valid existing obligation by the substitution of a new valid obligation on the part of the debtor or another.


Definitions:

Free Will

denotes the philosophical and psychological concept of individuals' capacity to choose or make decisions independently, free from external constraints or predetermined destinies.

Self-Actualization

The fruition or fulfillment of a person's gifts and capabilities, recognized as an inherent impulse or demand in each individual.

Situational Factor

A variable that influences an individual's behavior or decision-making process, depending on the current situation or environment.

"Blank Slate"

The theory that individuals are born without built-in mental content, and that all knowledge comes from experience or perception.

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