Fact Pattern 13-B1 (Questions B9-B10 apply)
Quik Downtown Delivery contracts with Rico's Tacos to deliver its products.Both parties change their minds,however,and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 13-B1.Quik and Rico's
A)may rescind their entire contract.
B)may rescind their contract to the extent that it is executory.
C)must perform their entire contract.
D)must perform the part of their contract that is executory.

Question

Quizplus · Accepted Answer

If both parties have changed their minds and want to cancel the contract, they may rescind the contract to the extent that it is executory, meaning that any parts of the contract that have already been performed must be upheld, but the parties are released from any future obligations.

Fact Pattern 13-B1 (Questions B9-B10 Apply)