A modification of a preexisting contract occurs when the parties agree to change one or more of its terms.

Name: A modification of a preexisting contract occurs when the parties agree to change one or more of its terms.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

A modification of a preexisting contract involves the parties agreeing to alter one or more terms of the contract, which can include changes to obligations, prices, timelines, or any other conditions initially agreed upon.

A Modification of a Preexisting Contract Occurs When the Parties