Which Is Not a Correct Statement Concerning Rescission of a Contract

question 30

Multiple Choice

Which is not a correct statement concerning rescission of a contract?

• A) The breach must be material.
• B) The injured party who rescinds may recover money paid under the contract.
• C) The contract remains in effect after the rescission.
• D) Rescission is the undoing of the contract.

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Definitions:

Reflective Planning

A strategic process that involves thoughtful consideration, self-assessment, and revision of plans based on past experiences and future projections.

Normative Decision Model

A framework suggesting that leaders choose how much to involve subordinates in the decision-making process based on situational variables and effectiveness.

Consultation

A process of seeking advice, information, or guidance from someone with expertise in a particular area.

Joint Decision Making

A collaborative process in which two or more parties make a decision together, combining their knowledge, expertise, and preferences to reach a consensus or agreement.