Century Studios hired Polly Spark, age 14, to star in a new children's movie that will begin production in January 2023. In the movie, Polly will play a sweet young girl who rescues stray animals. The arrangements were all made verbally with Polly in October 2021. Polly agreed to perform in the movie and Century Studios agreed to pay her $2,000,000. In May 2022, Polly was videotaped at party smoking cigarettes and using profanity. As a result, Century Studios would like to cancel its agreement with Polly. Explain whether or not Century Studios can cancel the agreement and on what legal basis. On what legal bases might Polly cancel the agreement?