________ requires that both the parties return to the other any consideration already received or pay for any services or materials already rendered.

A) Termination by waiver
B) Novation
C) Mutual rescission
D) General release

Mutual Rescission

An agreement between parties to terminate their contract and restore them to their original positions as if the contract had never existed.

Consideration

Consideration is a legal concept referring to something of value promised, given, or received in return to form the basis of a contract.

Services

Activities performed to meet the needs of customers or clients, often in exchange for payment.