Asked by
Jasmin Gomez
on Nov 29, 2024
Verified
A modification of a preexisting contract occurs when the parties agree to change one or more of its terms.
Preexisting Contract
An agreement that was already in place before certain actions were taken or before a dispute arose.
Modification
The act of making changes or alterations to something, such as a document or agreement, often to improve it or make it more suitable.
- Evaluate the enforceability of promises and adjustments in existing contracts.
Verified Answer
MT
Learning Objectives
- Evaluate the enforceability of promises and adjustments in existing contracts.
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