Super Toolmakers, Inc., contracts to sell its business to True Hardware Corpo?ration. Before either party has performed, rescission of this con?tract requires
A) a mutual agreement to rescind.
B) consideration.
C) performance by all of the parties.
D) none of the choices.

Question

Quizplus · Accepted Answer

Rescission of a contract before performance typically requires a mutual agreement to rescind, as neither party has yet performed any obligations under the contract. Consideration and performance by all parties would only come into play if the contract had already been partially or fully performed.