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Question
Stuart signs a contract that allows him to rent a snowplow from Homers Plow Company. The contract stipulates that he has to pay $50 per week. Winter ends sooner than expected, so Stuart wants to return the plow ahead of the due date in order to avoid paying unnecessary rent. Homers Plow Company agrees to let Stuart return the plow as long as he signs a contract that requires him to rent the plow again next year. This is an example of a(n) ______.
A. waiver
B. arbitration
C. rescission
D. release
E. novation
Answer
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