you'll be looking at a contract scenario and exploring the different ways that the parties involved could end the contract they have made.

Scenario: Your office is representing a client who has made a contract to sell a hand-carved piece of wooden furniture. With COVID and supply chain cost increases, the wood has become much more expensive than planned, and your client wants to explore what he believes are his three main options: perform the contract as is, breach the contract, and argue the defense of impracticability or impossibility, or attempt to have the contract rescinded. Instructions:

1. Review the required readings. 2. Using the scenario above, answer the following questions:

o What are the risks associated with a breach of contract?

o Based on the scenario, is it possible for your client to have the contract rescinded? Explain why or why not. What do you believe the best course of action would be in this case? Why?