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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.

Lesson Completion Time

1 hour
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CALI Topics

Lesson Authors

Lesson ID

CON80