When one of the parties to an agreement wants to substitute a different performance for his original duty under the contract,he is seeking a(n)________.
A)accord and satisfaction
B)novation
C)substituted contract
D)mutual rescission
E)addendum

Question

Quizplus · Accepted Answer

An accord and satisfaction is used when one of the parties wishes to substitute a different performance for his original duty under the contract.The promise to perform the new duty is called the accord,and the actual performance of that new duty is called the satisfaction.

When One of the Parties to an Agreement Wants to Substitute