Solved

Which of the Following Is True

Question 79

Multiple Choice

Which of the following is true?


A) An accord and satisfaction involves a new party,but a substituted contract does not.
B) Both an accord and satisfaction and a substituted contract involve a new party.
C) An accord and satisfaction discharges the duties under the original contract only when it has been performed,whereas a substituted contract discharges duties under the original contract upon formation of the substituted contract.
D) A substituted contract can occur for any kind of contract but an accord and satisfaction can be used only for contracts for the sale of goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents