Two parties can mutually agree to rescind a contract only to the extent that it has been executed-otherwise, there is nothing to rescind.

Name: Two parties can mutually agree to rescind a contract only to the extent that it has been executed-otherwise, there is nothing to rescind.
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Question

Quizplus · Accepted Answer

A contract can only be rescinded if it has been executed, meaning that both parties have fulfilled their obligations under the contract. If the contract has not been executed, then there is nothing to rescind.

Two Parties Can Mutually Agree to Rescind a Contract Only