Rachel contracts with Ryan to teach her how to dance each Thursday night for four hours a night for two months. Two days before the first lesson, Rachel calls up Ryan to tell him that she really does not want to do the lessons anymore and Ryan says he didn't really want to either. Therefore, they both agree to just forget about the contract. This is an example of a
A) Reformation
B) Substitution
C) Rescission
D) Restitution

Question

Quizplus · Accepted Answer

This is an example of a rescission, where both parties mutually agree to cancel the contract.

Rachel Contracts with Ryan to Teach Her How to Dance