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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