The relinquishment of rights by a party in a contract is called a(n)________.
A)waiver
B)rescission
C)impossibility
D)reliance interest

Name: The relinquishment of rights by a party in a contract is called a(n)________. A)waiver B)rescission C)impossibility D)reliance interest
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A party to a contract may voluntarily relinquish any right he has under a contract,including the right to receive return performance.Such a relinquishment of rights is known as a waiver.

The Relinquishment of Rights by a Party in a Contract