Second transaction = different contract. Entirely different thing to unilaterally changing the terms of an ongoing contract on DeVry.
Like a Phoenix rising from the ashes, so I bump this thread. The only contract these people have is month-month. That was honored. A renewal under the same terms was refused. Business transaction complete. The OP had it spot on. V isn't obligated to renew a contract under the same terms. Take a second to think about how that would work if it was reversed. Never mind, I've asked for too much here.
Not sure why I thought of a phoenix. Maybe it was something about your inability to read TFA in conjunction with the aptitude of the average UoP grad. Probably not though, never mind.