Under which kind(s)of performance by the other party can a party rescind a contract?

Question

Quizplus · Accepted Answer

A party can rescind a contract if the other party has given inferior performance, meaning that they have not fulfilled their obligations adequately or have breached the terms of the contract. This would give the rescinding party the right to cancel the contract and seek damages for any losses suffered as a result of the other party's poor performance. Substantial performance, where the other party has mostly fulfilled their obligations, would not typically justify rescinding the contract.

Under Which Kind(s)of Performance by the Other Party Can a Party