Fact Pattern 9-2
Sal contracts with Tasty Pizza to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 9-2. Sal and Tasty
A) may rescind their entire contract.
B) may rescind their contract to the extent that it is executory.
C) must perform their entire contract.
D) must perform the part of their contract that is executory.

Question

Fact Pattern 9-2
Sal contracts with Tasty Pizza to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 9-2. Sal and Tasty​
A) ​may rescind their entire contract.
B) ​may rescind their contract to the extent that it is executory.
C) ​must perform their entire contract.
D) ​must perform the part of their contract that is executory.

Quizplus · Accepted Answer

Both parties may rescind their contract to the extent that it is executory, meaning any obligations that have not been fully performed. However, any obligations that have already been performed cannot be rescinded.

Fact Pattern 9-2 Sal Contracts with Tasty Pizza to Deliver Its Products. Both