Through Which of the Following Circumstances May a Contract Be

question 14

Multiple Choice

Through which of the following circumstances may a contract be discharged?

• A) mutual cancellation
• B) mutual rescission
• C) accord and satisfaction
• D) all of the above

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Definitions:

De Jure Corporation

Latin for “lawful corporation”; a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

Alien Corporation

A business that is incorporated in a foreign country.

International Conglomerate

A large corporation that operates in various industries and is composed of companies located in multiple countries.

Foreign Corporation

A business entity that is registered in a country or jurisdiction different from where it primarily conducts its operations.