For mutual rescission of a contract to take place, both parties must provide additional consideration.

Name: For mutual rescission of a contract to take place, both parties must provide additional consideration.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Mutual rescission of a contract occurs when both parties agree to terminate the contract and return to their pre-contractual positions, without the need for additional consideration.

For Mutual Rescission of a Contract to Take Place, Both