Asked by Amrita Tambar on Jun 15, 2024

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Which of the following,in the context of contracts,means to terminate the contract as to future transactions or to annul the contract from the beginning?

A) Acquiescence
B) Rescind
C) Ratification
D) Assertion

Rescind

means to revoke, cancel, or repeal a contract, decision, or agreement.

Future Transactions

Predicted or planned financial dealings that will take place at a later date.

Annul

To legally declare invalid or void, commonly used in contexts such as marriage annulment, which renders the marriage as if it never existed.

  • Identify the difference between rescinding and ratifying a contract.
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TP
Tilleri porterJun 19, 2024
Final Answer :
B
Explanation :
Rescind means to terminate the contract as to future transactions or to annul the contract from the beginning.