Question

If Crosby and Dash are in disagreement as to the exact amount of money that Crosby owes Dash, then they may choose to form a new agreement at a set amount. If they both perform the new agreement, their conduct would be an example of?

1) a rescission
2) a contract modification
3) a preexisting duty
4) d. an accord and satisfaction

Answer 1

If Crosby and Dash are in disagreement about the exact amount of money that Crosby owes Dash and they choose to form a new agreement at a set amount, their conduct would be an example of a contract modification.

Step-by-step explanation:

Based on the given information, if Crosby and Dash are in disagreement about how much money Crosby owes Dash, they may choose to form a new agreement at a set amount. If they both agree to the new terms and perform the newly formed agreement, their conduct would be an example of a contract modification. A contract modification refers to a change made to the original terms of a contract by mutual agreement of the parties involved.