To rescind a contract means to cancel it.

Rescind

To revoke, cancel, or repeal a contract, agreement, or offer, making it as though it never existed.

Gain insight into the conditions and processes through which contracts may be revoked.

Verified Answer

Final Answer :

True

Explanation :

The power to rescind a contract means to cancel it.

Learning Objectives

Gain insight into the conditions and processes through which contracts may be revoked.