What is the repudiation of a voidable contract known as?

The repudiation of a voidable contract is known as disaffirmance. This term refers specifically to the act of one party (typically the party that has the right to void the contract due to some legal grounds, such as being a minor or having been misled) refusing to uphold the agreement. By disaffirming the contract, that party effectively nullifies any obligations that would have otherwise been enforceable under the terms of the contract.

Disaffirmance is crucial in protecting individuals who may have entered into a contract under circumstances that warrant a legal exit, allowing them to revert back to their pre-contractual state without penalty. This concept is a key aspect of contract law, ensuring fairness and the possibility for individuals to protect themselves from agreements that may not be in their best interest due to certain factors.

While rescission also involves canceling a contract, it generally applies to both parties mutually agreeing to void a contract, rather than one party exercising their right to exit a contract unilaterally due to its voidable nature. Termination and abandonment refer to different legal concepts and circumstances not specifically tied to the voidable nature of contracts.