Multiple choice A contract is discharged by rescission which means the change in one or more terms of the contract acceptance of lesser performance abandonment of rights by a party cancellation of the existing contract Reveal answer Fill a bubble to check yourself D Correct answer Explanation Rescission means cancellation of the contract, abrogating it from the beginning and restoring parties to their pre-contract position. It is distinct from modifying terms, accepting lesser performance (accord), or abandoning rights (waiver).