Contracts Can Be Created by Mutual Agreement,but Cannot Be Discharged

question 47

True/False

Contracts can be created by mutual agreement,but cannot be discharged by mutual agreement.

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Definitions:

Forgery

The process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive.

Bank Statement

A document or electronic record issued by a bank detailing the transactions in a customer's account over a specific period.

Oral Stop Payment Order

A verbal instruction to a financial institution to not pay out or process a specific check or transaction.

Electronic Fund Systems

Systems that enable the electronic transfer of money from one bank account to another without the direct involvement of bank staff.