A(n) is a contract between a promisee and a promisor by which the promisee agrees to accept and the
Promisor agrees to render a substituted performance in satisfaction of an existing contractual duty.
A)accord
B)mutual rescission
C)material alteration
D)novation

Question

Quizplus · Accepted Answer

An "accord" is an agreement where the promisee agrees to accept a different performance than originally agreed upon, and the promisor agrees to provide this substituted performance, satisfying the existing contractual duty.

A(n) Is a Contract Between a Promisee and a Promisor