Business Center Inc. and Catering LLC have an executory contract. They agree to rescind it and simultaneously enter into a new contract. If the previous contract was subject to a preexisting duty, the new contract will most likely be
A) invalid.
B) enforceable.
C) valid.
D) voidable.

Question

Quizplus · Accepted Answer

The Answer of Business Center Inc. and Catering LLC have an executory contract. They agree to rescind it and simultaneously enter into a new contract. If the previous contract was subject to a preexisting duty, the new contract will most likely be
A) invalid.
B) enforceable.
C) valid.
D) voidable.