Fact Pattern 13-3​ Sal Contracts with Tasty Pizza to Deliver Its Products. Both

question 20

Multiple Choice

Fact Pattern 13-3​
Sal contracts with Tasty Pizza to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract.
-Refer to Fact Pattern 13-3. Sal and Tasty

• A) ​may rescind their entire contract.
• B) ​may rescind their contract to the extent that it is executory.
• C) ​must perform their entire contract.
• D) ​must perform the part of their contract that is executory.

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Definitions:

Purchased

Refers to the action of buying goods or services in exchange for money or its equivalent.

World Price

The international market price of a good or service, determined by global supply and demand, which affects domestic pricing and trade policies.

United States

A North American nation consisting of 50 states, one federal district, five main autonomous territories, and multiple possessions.

Imported

Products or services that are imported from one country into another for the purpose of being sold or utilized.