Panini Vittles,Inc.,contracts with Qino to deliver its sandwiches.Later,the parties decide to cancel their contract.They can
A)rescind their entire contract.
B)rescind their contract to the extent that it is executory.
C)rescind their contract if they make a new contract at the same time.
D)not rescind their contract.

Question

Quizplus · Accepted Answer

Rescinding their entire contract may not be necessary or feasible, as some parts of the contract may have already been performed. Rescinding only the executory portions of the contract allows the parties to avoid further performance obligations and terminate the contract moving forward. Options C and D are not accurate as there is no requirement for a new contract to be made or for the parties to continue with the existing contract.