right to rescind

glossary / RIGHT TO RESCIND
right to rescind. The remedy accorded to a party to a contract when the other party breaches a duty that arises independently of the contract. • The right to rescind is contrasted with a right of termination, which arises when the other party breaches a duty that arises under the contract. — Also termed right of rescission. [Cases: Contracts 258. C.J.S. Contracts §§ 456, 461–463, 465–467, 472, 476.]
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right to rescind

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right to rescind 〈英〉撤销合同的权利 亦作「right of rescission」，是合同的一种救济。指如果一方当事人违反了独立于合同的某些义务，如合同成立前有欺诈、胁迫、虚假陈述等行为，则法律赋予无过错一方以撤销合同的权利。合同的撤销具有溯及既往的效力。与撤销合同的权利相对的是终止合同的权利〔right of termination〕，后者产生于一方当事人违反合同本身的义务时，其效力仅指向将来。(→right of termination)

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