Drainage & Irrigation Equipment,Inc.,contracts to sell its assets to Earth & Sky Aquatic Corporation. Before either party has performed,rescission of this contract requires
A)anagreement to rescind.
B)an accord and satisfaction.
C)a novation.
D)a settlement agreement.

Question

Quizplus · Accepted Answer

Rescission of a contract typically requires an agreement between the parties to rescind the contract. Therefore, the best choice in this scenario would be A) an agreement to rescind.