The rescission of a contract in the Philippines is a legal procedure that involves the cancellation of a contract by a court of law. This can happen either at the request of one of the parties involved or due to a breach of contract. While many people believe that rescinding a contract in the Philippines is a simple and straightforward process, there are actually several misconceptions surrounding this topic. In this article, we will discuss some of the most common myths and misconceptions regarding the rescission of a contract in the Philippines.
Myth #1: Rescission of a contract is the same as termination
One of the biggest misconceptions about rescinding a contract in the Philippines is that it is the same as terminating a contract...
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