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

Question

Quizplus · Accepted Answer

An accord is a new agreement between parties to an existing contract that modifies the original terms. In this case, the new agreement between Steven and Tina is that Steven will pay off his debt by shoveling snow from Tina's driveway. Therefore, the new contract is an accord.

Steven Owes Tina $100 for a Used Computer Which He