Fact Pattern 11-1
Sally contracts with Tasty Pizza Company 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 11-1. Sally and Tasty

Question

Fact Pattern 11-1 
Sally contracts with Tasty Pizza Company 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 11-1. Sally and Tasty

Quizplus · Accepted Answer

Both parties can rescind their part of the contract to the extent that it is executory, meaning they can cancel any future obligations that have not yet been performed. However, if any part of the contract has already been performed, they would need to fulfill their obligations on that part of the contract.