Fact Pattern 10-4 Rex contracts with Spicy Pizza to deliver its products. Later, both parties inform each other that they would like to cancel the contract.
Refer to Fact Pattern 10-4. The contract between Rex and Spicy is completely rescinded. Later, Rex offers to make a new deal to deliver Spicy's products. Spicy is willing to deal, but for a new price. Rex and Spicy
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

Fact Pattern 10-4  Rex contracts with Spicy Pizza to deliver its products. Later, both parties inform each other that they would like to cancel the contract.
Refer to Fact Pattern 10-4. The contract between Rex and Spicy is completely rescinded. Later, Rex offers to make a new deal to deliver Spicy's products. Spicy is willing to deal, but for a new price. Rex and Spicy
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.

Quizplus · Accepted Answer

Since the original contract was rescinded, Rex and Spicy are free to negotiate a new contract with new terms, including a new price.

Fact Pattern 10-4 Rex Contracts with Spicy Pizza to Deliver