Fact Pattern 12-B1
Sal 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 12-B1.The next day,Sal changes her mind and again offers to deliver Tasty's products.Tasty is willing to deal,but for a new price.Sal 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 12-B1 
Sal 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 12-B1.The next day,Sal changes her mind and again offers to deliver Tasty's products.Tasty is willing to deal,but for a new price.Sal 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

Since both parties have cancelled the original contract, they are free to negotiate a new contract with different terms, including a new price.