Rescission

Rescission is one of the ways in which contractual duties are discharged. This lesson discusses mutual rescission, rescission by one of the parties, and rescission as a remedy used by a court. This lesson may be used to introduce you to the subject or to review it.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Define rescission.
2. Distinguish between mutual rescission, rescission by one of the parties, and rescission as a remedy used by a court.
3. Explain how a court uses principles of restitution when rescinding a contract.