Reply To: What is mean by rescission? New Home › Forums › Contract Act › What is mean by rescission? › Reply To: What is mean by rescission? November 2, 2019 at 4:45 am #5077 Adv. Priya LohakareParticipant @priyalohakare Rescission is the cancellation of the contract which takes when all or some of the terms of the contract is cancelled.