A is corrent. The requirement is to identify factors that will discharge a party’s obligation to perform under a contract. A contract may be discharged by either an accord and satisfaction or a mutual decision. In an accord and satisfation both parties to the contract have agreed to satisfy the contract in a different faction. Mutual rescission means that both parties have mutually agreed to rescind or not go through with the contract. Thus both answers are correct.
B is incorrect. The requirement is to identify factors that will discharge a party’s obligation to perform under a contract. A contract may be discharged by either an accord and satisfaction or a mutual decision. In an accord and satisfation both parties to the contract have agreed to satisfy the contract in a different faction. Mutual rescission means that both parties have mutually agreed to rescind or not go through with the contract.
C is incorrect. The requirement is to identify factors that will discharge a party’s obligation to perform under a contract. A contract may be discharged by either an accord and satisfaction or a mutual decision. In an accord and satisfation both parties to the contract have agreed to satisfy the contract in a different faction. Mutual rescission means that both parties have mutually agreed to rescind or not go through with the contract.
D is incorrect. The requirement is to identify factors that will discharge a party’s obligation to perform under a contract. A contract may be discharged by either an accord and satisfaction or a mutual decision. In an accord and satisfation both parties to the contract have agreed to satisfy the contract in a different faction. Mutual rescission means that both parties have mutually agreed to rescind or not go through with the contract.
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