Either Party May Demand Rescission of a Fully Executed Oral

question 9

True/False

Either party may demand rescission of a fully executed oral contract if it was required to have been in writing under the Statute of Frauds.

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Definitions:

Extended Coverage

An insurance policy feature that provides additional benefits or extends coverage beyond the basic terms of the policy.

Tort of Negligence

A legal claim arising when one party's failure to exercise reasonable care results in harm or damage to another party.

Plaintiff

The party who initiates a lawsuit in civil court proceedings.

Defendant

A person or entity against whom a lawsuit is filed in a court of law.