Reference no: EM132202315

1. Ricardo and Sophia would like to discharge their obligations under a valid agreement they made a month ago, because they do not agree about the amount due under that agreement (in other words, the amount owed is in dispute). If they negotiate a new price as the amount due, and then the new price is paid, they have executed

A. an assignment.

B. a modification to the original agreement.

C. an accord and satisfaction.

D. a novation.

2. Elaine and Frank sign a contract in which Elaine agrees to install double-paned windows in Frank’s home, for $2,500. One month later, Elaine and Frank agree that Frank will pay the $2,500 directly to Elaine’s supplier, instead. Under these circumstances, Elaine’s supplier is

A. a delegee

B. an intended beneficiary

C. an assignee

D. an incidental beneficiary

3. Theo and Fiona have a bilateral contract. Theo’s obligations under the contract may be discharged by

A. agreement of the parties

B. performance of the promise that Theo made under the contract.

C. objective impossibility of the parties’ performance under the contract.

D. any of the above.