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A contract is discharged by rescission which means the
  • a)
    change in one or more terms of the contract
  • b)
    acceptance of lesser performance
  • c)
    abandonment of rights by a party
  • d)
    cancellation of the existing contract
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A contract is discharged by rescission which means thea)change in one ...
The correct option is D
The word recission itself says its an end.( to something)
A) considered as Alteration ( sec 62)
B) considered as an act of waive(sec 63)
C) considered as novation ( sec 62); here only parties rights will be discharged
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A contract is discharged by rescission which means thea)change in one or more terms of the contractb)acceptance of lesser performancec)abandonment of rights by a partyd)cancellation of the existing contractCorrect answer is option 'D'. Can you explain this answer?
Question Description
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