Which of the Following Statements Is TRUE with Respect to the Word

question 65

Multiple Choice

Which of the following statements is TRUE with respect to the word "rescission"?

• A) Rescission eliminates the need to perform outstanding primary obligations, but it does not affect secondary obligations.
• B) Rescission always requires the supply of fresh consideration.
• C) Rescission always arises as a result of a contractual defect.
• D) Depending upon the circumstances, rescission may involve either a bilateral agreement to discharge a contract or a unilateral decision to terminate a contract.
• E) Rescission is the name of the process that allows a contract to be discharged after one party has breached a serious term of the contract.

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Definitions:

Disabilities

Impairments in physical, mental, cognitive, or developmental functions that interact with various barriers may hinder an individual's full and effective participation in society.

Intellectual Disability

A term used when a person has certain limitations in cognitive functioning and skills, including communication, social, and self-care abilities.

Sexually Assaulted

Experiencing any form of sexual contact or behavior without explicit consent, ranging from unwanted touching to rape.

Community Residences

Housing options designed to provide support and rehabilitation for individuals with psychiatric or developmental disabilities in a community setting.