In all substituted contracts there must be an agreement among three parties where a new promise is substituted for an existing promise or a new promisor is substituted for an existing promisor.

Question

Quizplus · Accepted Answer

In substituted contracts, there can be an agreement among just two parties where a new promise is substituted for an existing one, or a new promisor takes the place of an existing promisor, without necessarily involving a third party.

In All Substituted Contracts There Must Be an Agreement Among