Steven owes Theresa $100 for a used computer which he bought last year at Theresa's garage sale.The two agree that the debt can be paid by Steven's shoveling Theresa's driveway from January through March.The new contract is a(n):
A) accord.
B) novation.
C) satisfaction.
D) rescission.

Question

Quizplus · Accepted Answer

An accord is an agreement to accept a different form of performance than originally agreed upon, which is what Steven and Theresa have done by agreeing to the driveway shoveling instead of cash payment.

Steven Owes Theresa $100 for a Used Computer Which He