• Card 35 / 54: Esteban and Elena would like to discharge their obligations under a valid agreement they made a month ago, because they do not agree about the amount due under that agreement. If they create a new agreement, with a negotiated new price as the amount due, and then the new price is paid, they have executed
    A) an assignment.
    B) a modification to the original agreement.
    C) an accord and satisfaction.
    D) a novation.

    Answer:
    C) an accord and satisfaction.

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Business Law MCQ Exam#3 BUS201

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Attribution:  Maureen Shellooe Miller. Open Course Library: BUS&201 Business Law. The Open Course Library. Washington State Board for Community & Technical Colleges, Jul. 2014. http://www.oercommons.org/courses/business-law-bus-201
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