Kelly contracts with Raphael for Raphael to bring a pony to her daughter's birthday party in exchange for $100.Kelly later learns her daughter is frightened of ponies.She contacts Raphael and Raphael agrees to bring a donkey to the party for $50 instead.Which of the following is true of the original agreement involving the pony and the $100?
A)It was discharged by novation
B)It was discharged by accord and satisfaction
C)It was breached
D)It was discharged by mutual rescission
E)It was discharged by substituted contract

Question

Quizplus · Accepted Answer

A)Substituted contract occurs when parties mutually agree to discharge each other
from the contract by substituting a new agreement.
B)Substituted contract occurs when parties mutually agree to discharge each other from the contract by substituting a new agreement.
C)Substituted contract occurs when parties mutually agree to discharge each other from the contract by substituting a new agreement.
D)Substituted contract occurs when parties mutually agree to discharge each other from the contract by substituting a new agreement.
E)Substituted contract occurs when parties mutually agree to discharge each other from the contract by substituting a new agreement.

Kelly Contracts with Raphael for Raphael to Bring a Pony