Sal contracts with Tasty Pizza Company to deliver its frozen pizza and pasta products to U-Chuse Market and other grocery stores. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 11-4.Sal and Tasty

Question

Quizplus · Accepted Answer

Since both parties have expressed a desire to cancel the contract, they may rescind the contract to the extent that it is executory, meaning they are not required to perform any future obligations under the contract. However, if any obligations have already been performed, those cannot be rescinded.

Sal Contracts with Tasty Pizza Company to Deliver Its Frozen