The Legal Effect of Contract Rescission
Journal of Huzhou Vocational and Technological College(2003)
Abstract
Apart from its stiputation in Article 97, the current Law of Contract of our country deals little with the legal effect of contract rescission, so it's of great theoretical and practical significance to have a study of the issue. The author holds that, on principle, contract rescission has the power with recourse, but the application to durative contracts should be properly restricted. After the contract is rescinded, what belongs to the contracted should be returued to the contracted and at the same time the faulty party should compensate for the loss caused to the non-faulty party as a result of contract rescission.
MoreTranslated text
Key words
contract rescission,legal effect
AI Read Science
Must-Reading Tree
Example
![](https://originalfileserver.aminer.cn/sys/aminer/pubs/mrt_preview.jpeg)
Generate MRT to find the research sequence of this paper
Chat Paper
Summary is being generated by the instructions you defined