Which of the following sets of concepts (as discussed in Chapter 11) represent ways in which the terms of a contract can be varied without the supply of fresh consideration?

Question

Quizplus · Accepted Answer

Release and waiver are methods by which the terms of a contract can be varied without the need for fresh consideration. A waiver involves the voluntary relinquishment of a known right, which can alter the terms of the contract without new consideration. A release is an agreement not to proceed with a legal claim, potentially varying the contract's terms without additional consideration.

Which of the Following Sets of Concepts (As Discussed in Chapter