Which of the Following Is True of Discharge of Performance

question 83

Multiple Choice

Which of the following is true of discharge of performance by agreement?

• A) A partially executed contract cannot be rescinded.
• B) Mutual rescission requires parties to enter into a second agreement that expressly terminates the first one.
• C) A party is allowed to rescind a contract without the consent of the other party.
• D) Unilateral rescission is not regarded as breach of contract.

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Definitions:

Social Responsibility

Social responsibility refers to the obligation of individuals, organizations, and businesses to act for the benefit of society at large.

Terminal Value

The future value of a series of cash flows projected to grow at a steady rate indefinitely, often used in discounted cash flow analysis.

Moral Code

A set of principles or values guiding an individual's distinctions between right and wrong behaviors.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.