Fact Pattern 13-B1 (Questions B9-B10 apply)
Quik Downtown Delivery contracts with Rico's Tacos to deliver its products.Both parties change their minds,however,and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 13-B1.The next day,Quik again offers to deliver Rico's products.Rico's is willing to deal,but for a new price.Quik and Rico's
A)may agree to a new contract,but it cannot include a new price.
B)may agree to a new contract that includes the new price.
C)must perform their original contract.
D)must perform the part of their original contract that is executory.

Question

Quizplus · Accepted Answer

Since both parties have agreed to cancel the original contract, it is terminated. Therefore, they are free to enter into a new contract with new terms, including a new price.

Fact Pattern 13-B1 (Questions B9-B10 Apply)