When a second contract is made between two parties:

Question

Quizplus · Accepted Answer

The legal effect of a second contract between two parties depends on the intent of the parties. If the parties intend to replace the first contract with the second, then the second will have legal effect. However, if the parties intend for the second contract to only modify or supplement the first, then both contracts may be in effect. The cancellation of the first contract or the requirement for a written modifying contract may depend on the terms and intent of the parties in each individual case.

When a Second Contract Is Made Between Two Parties