Al contracted to sell his house to Bev.Subsequently,they both changed their minds and agreed to cancel the contract.The contract between Al and Bev is discharged by
A)full performance.
B)rescission.
C)accord and satisfaction.
D)novation.

Question

Quizplus · Accepted Answer

The contract between Al and Bev is discharged by rescission, which is a mutual agreement to cancel the contract. This means that both parties have agreed to terminate the contract, and the obligations under the contract are no longer enforceable. Full performance would mean that both parties have fulfilled their obligations under the contract, which is not the case here. Accord and satisfaction and novation are not relevant in this scenario as they involve the substitution or modification of the original contract, which is not the case here.

Al Contracted to Sell His House to Bev