Under the Uniform Commercial Code, which of the following is said to have occurred when either of the two parties exercises a lawful right to end the contract other than for breach?

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Termination occurs when either party exercises a lawful right to end the contract other than for a breach. This can happen for a variety of reasons, such as mutual agreement or fulfilling a condition precedent. Cancellation is typically used when a party has breached the contract, and mutual rescission occurs when both parties agree to end the contract. A perfect tender refers to the obligation to deliver goods that conform perfectly to the contract, and anticipatory breach occurs when one party indicates they will not perform their obligations under the contract.

Under the Uniform Commercial Code, Which of the Following Is