Read the scenario and determine what needs to take place based on the resolutions described in the text. Kyle has already contracted with Vick on a construction project. After some disagreement on materials, location, and deadlines, they decide that the original contract is no longer valid. Kyle and Vick now need a(n) __________.     Force majeure renovation   Novation   Substitution   Accord and satisfaction

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Read the scenario and determine what needs to take place based on the resolutions described in the text.

Kyle has already contracted with Vick on a construction project. After some disagreement on materials, location, and deadlines, they decide that the original contract is no longer valid. Kyle and Vick now need a(n) __________.

 
  •  
    Force majeure renovation
  •  
    Novation
  •  
    Substitution
  •  
    Accord and satisfaction
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