Which of the following occurs when parties agree that they simply wish to discharge each other from their mutual obligations and therefore rescind or cancel the contract?
A)Mutual rescission
B)Novation
C)Accord and satisfaction
D)Alteration
E)Substituted contract

Question

Quizplus · Accepted Answer

A)Mutual rescission occurs when parties agree that they simply wish to discharge
each other from their mutual obligations and therefore rescind or cancel the contract.
B)Mutual rescission occurs when parties agree that they simply wish to discharge each other from their mutual obligations and therefore rescind or cancel the contract.
C)Mutual rescission occurs when parties agree that they simply wish to discharge each other from their mutual obligations and therefore rescind or cancel the contract.
D)Mutual rescission occurs when parties agree that they simply wish to discharge each other from their mutual obligations and therefore rescind or cancel the contract.
E)Mutual rescission occurs when parties agree that they simply wish to discharge each other from their mutual obligations and therefore rescind or cancel the contract.

Which of the Following Occurs When Parties Agree That They