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Any contract can be discharged by agreement of the parties. True False Under this remedy, parties are restored to their original position prior to loss

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Any contract can be discharged by agreement of the parties. True False Under this remedy, parties are restored to their original position prior to loss or injury, or placed in the position they would have been in, had the breach not occurred. involves returning goods, property, or funds. a) Rescission b) Legal action c) Specific damages d) Restitution Except for an option contract, a firm offer by a merchant is revocable at any time before acceptance. True False Bob's Neighborhood Grocery agrees to buy all of Patricia's green beans that she produces this year. This is an example of al a) necessaries contract, b) requirements contract. c) revocable contract d) output contract

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