Sec. 720. Unless the contrary intention clearly appears, expressions of "cancelation" or "rescission" of the contract or the like shall not be construed as a renunciation or discharge of any claim in damages for an antecedent breach.
Ind. Code § 26-1-2-720
Effect of "cancellation" or "rescission" on claims for antecedent breach
Known as the Uniform Commercial Code
The act spans §§ 26-1-1-0.2 to 26-1-9.1-902 (630 sections).
Applied in 2 court decisions — leading case UFG, LLC v. Southwest Corp. (2006)
Most recently applied in UFG, LLC v. Southwest Corp. (June 2006)
Formerly: Acts 1963, c.317, s.2-720.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.