Cancellation of contract by agreement between the parties at any time before it is discharged by performance and as a result none requires to perform is called:

CS CSEET · Business Laws and Management · PYQS · June 2026
Cancellation of contract by agreement between the parties at any time before it is discharged by performance and as a result none requires to perform is called:
(A) Rescission
(B) Remission
(C) Waiver
(D) None of the above

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Rescission.

Topics: Indian Contract Act, 1872

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