Asked by Chyna Forrester on May 30, 2024
Verified
A party who has the right to rescind a contract may do so at any time.
Rescind
As the word is applied to contracts, to terminate the contract as to future transactions or to annul the contract from the beginning.
- Comprehend the processes and conditions under which a contract can be rescinded.
Verified Answer
ER
Eddie Ray RoncoMay 31, 2024
Final Answer :
False
Explanation :
The party that has the power to rescind a contract must do within a reasonable period of time,as unreasonable delay communicates ratification of the contract.
Learning Objectives
- Comprehend the processes and conditions under which a contract can be rescinded.