What is the form to rescind a sales contract?

Full question:

I need a form to rescind a sales contract? What is it called?

  • Category: Contracts
  • Date:
  • State: New Jersey

Answer:

A rescission of a contract aims to return both parties to their original positions as if the contract had never existed. This typically involves the buyer receiving a refund and returning the merchandise to the seller. An example of a rescission form is US-00547BG.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

The legal term for canceling a contract is 'rescission.' Rescission allows both parties to return to their original positions before the contract was made, effectively treating the contract as if it never existed.