Where can I find a 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 generally places the parties in the position that they
would have been in had the contract never been entered into by the parties.
For example, money is returned to the buyer and the buyer returns the
merchandise to the seller.

The form US-00547BG is an example of such a rescission.

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.