Fact Pattern 9-2
Sal contracts with Tasty Pizza to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 9-2. The next day, Sal changes his mind and again offers to deliver Tasty's products. Tasty is willing to deal, but for a new price. Sal and Tasty
A) may agree to a new contract, but it cannot include a new price.
B) may agree to a new contract that includes the new price.
C) must perform their original contract.
D) must perform the part of their original contract that is executory.

Question

Fact Pattern 9-2
Sal contracts with Tasty Pizza to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 9-2. The next day, Sal changes his mind and again offers to deliver Tasty's products. Tasty is willing to deal, but for a new price. Sal and Tasty​
A) ​may agree to a new contract, but it cannot include a new price.
B) ​may agree to a new contract that includes the new price.
C) ​must perform their original contract.
D) ​must perform the part of their original contract that is executory.

Quizplus · Accepted Answer

When both parties agree to cancel a contract, it is considered terminated. Therefore, Sal and Tasty are free to negotiate a new contract, including a new price. The original contract is no longer binding, so they are not obligated to perform it.

Fact Pattern 9-2 Sal Contracts with Tasty Pizza to Deliver Its Products. Both