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_________ of a contract takes place when all or some of the terms of the contract are cancelled.
  • a)
    Novation
  • b)
    Alteration
  • c)
    Merger
  • d)
    Rescission
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
_________ of a contract takes place when all or some of the terms of t...
Rescission in contract law refers to the termination or cancellation of a contract. The word rescission comes from the word “rescind” which means to cancel or annul. The purpose of contract rescission is to restore the parties to their original status before the contract was made.
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Most Upvoted Answer
_________ of a contract takes place when all or some of the terms of t...
'all' or 'some' cancellation is always Recession. And there isn't any specification of change in terms that would lead to alterations or substitution of contract that would lead to novation. this option D.
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_________ of a contract takes place when all or some of the terms of the contract are cancelled.a)Novationb)Alterationc)Mergerd)RescissionCorrect answer is option 'D'. Can you explain this answer?
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