Which of the following is NOT a method of terminating a contract?

The correct response highlights that negotiation is not typically categorized as a method for terminating a contract. Instead, negotiation is often a process undertaken to amend, modify, or reach a new agreement rather than to end a contract.

In contrast, expiration occurs when a contract reaches its specified end date or term, effectively terminating the agreement. Bankruptcy can terminate a contract as one party's inability to fulfill contractual obligations may void the agreement under bankruptcy laws. Rescission refers to the legal cancellation of a contract, often due to mutual consent or a compelling reason that invalidates the agreement.

Understanding the differences in these terms is essential. Negotiation can facilitate changes or resolve disputes without necessarily ending the original commitment. This distinction clarifies the functional roles these processes play in contract law.