When a new and separate contract is formed between parties who had an earlier contract dealing with the same matter,the terms,conditions,and exclusions will automatically be assumed to be identical to those found in the earlier contract.

Question

Quizplus · Accepted Answer

The terms, conditions, and exclusions of a new contract between the same parties dealing with the same matter are not automatically assumed to be identical to those found in an earlier contract. The parties must explicitly agree to the terms of the new contract.

When a New and Separate Contract Is Formed Between Parties