Multiple choice

A promises to supply 50 sets of Men's suit of a particular type to B three months hence. By that time there is o demand for those suits. A & B can rescind the contract. This is called

  1. Mutual Rescission

  2. Breach

  3. Impossibility of Performance

  4. Revocation of Proposal

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When both parties agree to cancel or rescind a contract before performance is due, it is referred to as mutual rescission.