Multiple Choice
Drainage Equipment, Inc., contracts to sell its assets to Earth Aquatic 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:

Verified
Correct Answer:
Verified
Related Questions
Q1: A buyer who offers to pay for
Q2: Damages that compensate the nonbreaching party for
Q6: In most contracts, promises of performance are
Q7: There is no difference between complete and
Q20: In a contract for a sale of
Q22: Ed's Electric Company enters into a contract
Q23: Under the doctrine of mitigation of damages,
Q26: Don enters into a contract to buy
Q29: Courts normally grant specific performance of personal-service
Q30: An accord and its satisfaction do not