Asked by Lilian Cohaus on May 03, 2024
Verified
An agreement to form a contract cannot modify the terms of a previous contract.
Modify Terms
The act of making changes or adjustments to the conditions or stipulations of an agreement or contract.
- Ascertain the critical elements needed to establish a valid contract.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
False
Explanation :
An agreement to form a new contract can modify the terms of a previous contract if both parties agree to the modifications. This is a common practice in contract law, allowing parties to adjust their agreements as circumstances change.
Learning Objectives
- Ascertain the critical elements needed to establish a valid contract.