Fact Pattern 13-3
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 13-3. 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 13-3​
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 13-3. 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 can rescind their contract to the extent that it is executory, meaning they can cancel any remaining obligations that they have not yet performed. However, if any obligations have already been performed, those cannot be rescinded.

Fact Pattern 13-3​ Sal Contracts with Tasty Pizza to Deliver Its Products. Both

Fact Pattern 13-3 Sal Contracts with Tasty Pizza to Deliver Its Products. Both