Fact Pattern 11-3 Sally contracts with Tasty Pizza Company 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 11-3.The next day,Sally changes her mind and again offers to deliver Tasty's products.Tasty is willing to deal,but for a new price.Sally and Tasty
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 11-3 Sally contracts with Tasty Pizza Company 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 11-3.The next day,Sally changes her mind and again offers to deliver Tasty's products.Tasty is willing to deal,but for a new price.Sally and Tasty​ 
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

Sally and Tasty Pizza Company may agree to a new contract that includes a new price since they both agreed to cancel the original contract. This new agreement would be binding and enforceable.

Fact Pattern 11-3 Sally Contracts with Tasty Pizza Company to Deliver