When the Parties Substitute a New Agreement in Place of the Original,instead

question 22

Multiple Choice

When the parties substitute a new agreement in place of the original,instead of canceling a contract,the parties have a[n] ________.

• A)Alteration
• B)Accord and satisfaction
• C)Substituted contract
• D)Novation
• E)Mutual rescission

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Definitions:

Cultural Features

Characteristics that define a particular culture, including language, art, customs, traditions, and values.

Demographic Features

Characteristics of a population being studied, including age, sex, ethnicity, income, education, and more.

Idiocentric

Characterizing individuals who are more self-reliant and independent, prioritizing their personal goals over group goals.

Group

A group refers to a number of individuals who have shared interests or goals and are perceived to be bound together in some manner.