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Jayne is tired of waiting for her subcontractor to get his part of the deal done. The agreed-upon deadlines have come and gone, and Jayne is losing money waiting for the subcontractor to come through. If the subcontractor isn’t going to honor his commitments, neither is Jayne. She decides to consult with her attorney and then terminate the contract. This is an example of ______.

Respuesta :

Answer:

Rescinding the contract unilaterally

Explanation:

           Rescinding a contract means to cancel a contract or an agreement. A contract can be cancelled by either one party or by both the parties mutually agreed upon the terms of cancellation.

           A contract can be rescind by one side on terms of breached. One party can rightfully rescind or cancel a contract because of material breach or fraud by the other party. This is called as unilaterally rescinding the contract.

           In the context, when Jayne consults with the attorney to terminate the contract because the subcontractor was delaying the work to be done for which Jayne was loosing money. Jayne can now cancel the contract with the subcontractor from his side reporting breached done by the subcontractor.

Hence the answer is ---

Rescinding the contract unilaterally

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