When Parties to an Oral Contract Have Both Fully Performed

question 25

Multiple Choice

When parties to an oral contract have both fully performed their obligations under the contract, the parties are:

• A) allowed to rescind the contract.
• B) not allowed to rescind the contract.
• C) allowed to seek compensatory damages.
• D) not allowed to recover the value of the performance in quasi contract.

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Definitions:

Axiomatic

Pertaining to self-evident truths or principles that require no proof.

Ideological Arguments

Debates or discussions rooted in strongly held beliefs or principles.

Outside Source

Information or knowledge obtained from an external party, not originating from one's self-conducted research or findings.

Ideological Arguments

Discussions or debates grounded in sets of beliefs, values, or principles that characteristically define the outlook of specific groups, movements, or societies.