________ Requires That Both the Parties Return to the Other

question 25

Multiple Choice

________ requires that both the parties return to the other any consideration already received or pay for any services or materials already rendered.

• A)Termination by waiver
• B)Novation
• C)Mutual rescission
• D)General release

---

Definitions:

Proceeds

The total amount of money received from a transaction or event, often after costs or other deductions are accounted for.

Commission Charges

Fees charged by brokers or agents for their services in facilitating transactions, often calculated as a percentage of the transaction value.

Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Rate of Yield

The return on an investment over a period of time, expressed as a percentage of the original investment.