When both parties agree that their contractual relationship should be terminated without performance and their obligations are discharged, this is:
A) anticipatory breach
B) novation
C) accord and satisfaction
D) discharge by operation of law
E) none of the other choices

Question

Quizplus · Accepted Answer

When both parties agree to terminate their contractual relationship without performance, it is not specifically categorized as anticipatory breach, novation, accord and satisfaction, or discharge by operation of law. These terms refer to specific legal concepts and mechanisms for ending or modifying contracts, but the mutual agreement to end a contract without performance doesn't neatly fit into these categories.

When Both Parties Agree That Their Contractual Relationship Should Be