Juan and Isidro enter into a contract to buy, restore, and reopen the Coastal Park Carousel. Before either party begins to perform, they make a new agreement to rescind their deal. This
A)discharges the original contract.
B)has no effect on Juan's performance.
C)changes Isidro's duties under the contract.
D)suspends both parties duties to perform.

Question

Quizplus · Accepted Answer

When Juan and Isidro make a new agreement to rescind their original contract, it effectively discharges the original contract, meaning all obligations under that contract are terminated.

Juan and Isidro Enter into a Contract to Buy, Restore