Chapter 10

Question 1

contract modification:

Answer 1

A change to one or more terms of the contract during the term of the contract

Question 2

forbearance:

Answer 2

A promise by one party in a contract to another party to refrain from exercising a contractual right for a period of time . A forbearance by an employer to not exercise the contractual right to terminate the employment contract may constitute consideration flowing to an employee