Question: Question 1 8 ( 1 point ) When parties to a contract agree to substitute a new debt or obligation for an existing one, -
Question pointWhen parties to a contract agree to substitute a new debt or obligation for an existing one, has occurred.rescissionnovationrelease accord and satisfactionQuestion pointWith regards to payment for performance, how the payment will be applied does NOT consider which of the following?Evidence of payment and discharge What constitutes payment When is payment due How payment is applied to multiple debts
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