Leona enters into a contract with munchie bakery to cater a sales conference. when the conference is postponed indefinitely, leona asks a court to cancel the contract and return the parties to the positions that they held before its formation. this request involves

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Business

Jaiden

28 January, 11:39

Leona enters into a contract with munchie bakery to cater a sales conference. when the conference is postponed indefinitely, leona asks a court to cancel the contract and return the parties to the positions that they held before its formation. this request involves

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Anneliese · Answer 1

This request involves rescission of the contract. A rescission of a contract involves the cancellation of contract. Here, Leona entered into a contractual agreement with Munchie bakery, but the conference was postponed and therefore Leona did not have a time period for when the contract would need to be performed. Thus, because Leona wanted to cancel the contract, she is asking the court to rescind the contract.