North Carolina General Statutes 25-2-720. Effect of “cancellation” or “rescission” on claims for antecedent breach
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Unless the contrary intention clearly appears, expressions of “cancellation” or “rescission” of the contract or the like shall not be construed as a renunciation or discharge of any claim in damages for an antecedent breach. (1965, c. 700, s. 1.)
Terms Used In North Carolina General Statutes 25-2-720
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.