If the Parties to a Contract Agree to Undo the Agreement

question 47

Multiple Choice

If the parties to a contract agree to undo the agreement and return any consideration involved, the contract is discharged by:

• A) mutual cancellation
• B) mutual rescission.
• C) novation
• D) accord and satisfaction

---

Definitions:

Social Comparisons

The process of comparing oneself to others in order to evaluate or enhance one's own qualities or abilities.

Ethical Issue

A dilemma or situation that requires a choice to be made between competing values or principles.

Milgram's Obedience

A series of experiments conducted by Stanley Milgram, demonstrating people's willingness to obey authority figures even when asked to perform actions conflicting with their personal conscience.

Terminate Experiment

The process of concluding or ending an experimental study following its predefined criteria or due to unforeseen circumstances.