Sheila contracted her friend Susan to paint her house for $3,000.Sheila did this as a favor to Susan as Susan was unemployed.Before she could finish the job,however,Susan got a job at a marketing company,which meant that she could not complete her contract.As Susan is her friend,Sheila decided not to enforce the contract,and she let Susan keep the $1,000.This scenario is an example of a(n)______.

Question

Quizplus · Accepted Answer

This scenario is an example of a waiver. When a party intentionally relinquishes a right to enforce the contract, a waiver occurs. As Sheila has intentionally decided to relinquish the right to enforce the contract she made with Susan, she has waived the contract.

Sheila Contracted Her Friend Susan to Paint Her House for $3,000.Sheila