Asked by Amrita Tambar on Jun 15, 2024
Verified
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.
Verified Answer
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.
Learning Objectives
- Identify the difference between rescinding and ratifying a contract.