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Scots law question; difference between 'reduction' and 'rescission'?

    • Thread Starter

    Can anyone studying law, specifically Scots Law, explain to me if there is a difference between 'reduction' and 'rescission' in the law of contract?I would be grateful if you could answer only if you know the difference for sure and are not just making an educated guess.
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Updated: October 18, 2016
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