Question: Contracts that have been executed on one side a.can be rescinded only if the party who has performed receives consideration to call off the deal.

Contracts that have been executed on one side

a.can be rescinded only if the party who has performed receives consideration to call off the deal.

b.are deemed to be completely unexecuted.

c.cannot be amended.

d.can only be amended by the party who has executed the contract.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!