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  3. Study Set
    The Legal Environment Study Set 2
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    Exam 13: Contract Performance Breachapter and Remedies
  5. Question
    Drain Equipment Inc
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Drain Equipment Inc

Question 3

Question 3

Multiple Choice

Drain Equipment Inc. contracts to sell its assets to Excavation Corporation. Before either party has performed, rescission of this contract requires


A) a mutual agreement to rescind.
B) an accord and satisfaction.
C) a novation.
D) specific performance.

Correct Answer:

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