In connection with a contract, what is rescission? a court order to perform one's duties under a contract a return of consideration to the other party an undoing or cancellation of the contract a formation of a second contract identical to the first

Question

Business

Agustin Smith

1 February, 10:12

In connection with a contract, what is rescission? a court order to perform one's duties under a contract a return of consideration to the other party an undoing or cancellation of the contract a formation of a second contract identical to the first

+5

Answers (1)

Know the Answer?

Trevor Wallace · Answer 1

The correct answer is an undoing or cancellation of the contract.

A contract rescission is when a contract is rescinded, or cancelled. The purpose of a rescission is to return both of the parties to the contract back to their original status' before the contract was made.