The remedy of sending out a notification by a party that he or she is canceling a contract and returning everything already received would constitute a(n) ________.

Question

Quizplus · Accepted Answer

The remedy of sending out a notification by a party that he or she is canceling a contract and returning everything already received would constitute avoidance, which is the act of terminating or rescinding a contract. Counteroffer is an offer made in response to a previous offer, revocation is the act of canceling an offer before it is accepted, and replevin is a legal procedure used to recover goods that have been wrongfully taken or detained.

The Remedy of Sending Out a Notification by a Party