Asked by Mitylene Bailey on Jun 14, 2024
Verified
Juan and Isidro enter into a contract to buy, restore, and reopen the Coastal Park Carousel. Before either party begins to perform, they make a new agreement to rescind their deal. This
A) discharges the original contract.
B) has no effect on Juan's performance.
C) changes Isidro's duties under the contract.
D) suspends both parties duties to perform.
Discharges
The release, settlement, or extinguishment of a duty, liability, or obligation.
Original Contract
The initial agreement between parties before any amendments, modifications, or revisions are made.
New Agreement
A newly formed consensus or contract between parties, often institutionalizing terms, conditions, and obligations.
- Comprehend the function of mutual consent in altering, releasing, or concluding contracts.
Verified Answer
PS
Pantho Shahriar7 days ago
Final Answer :
A
Explanation :
When Juan and Isidro make a new agreement to rescind their original contract, it effectively discharges the original contract, meaning all obligations under that contract are terminated.
Learning Objectives
- Comprehend the function of mutual consent in altering, releasing, or concluding contracts.