Sally contracts with Tasty Pizza Company 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 12-3. The next day,Sally changes her mind and again offers to deliver Tasty's products. Tasty is willing to deal,but for a new price. Sally 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 contract that is executory.

Question

Quizplus · Accepted Answer

Since both parties have agreed to cancel the original contract, they are free to negotiate a new contract with new terms, including a new price. Sally and Tasty can come to a new agreement and create a new contract that reflects their new terms.

Sally Contracts with Tasty Pizza Company to Deliver Its Products