New York Uniform Commercial Code Code § 2-720

Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach
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Section 2--720. Effect of "Cancellation" or "Rescission" on Claims for\n                  Antecedent Breach.\n  Unless the contrary intention clearly appears, expressions of\n"cancellation" or "rescission" of the contract or the like shall not be\nconstrued as a renunciation or discharge of any claim in damages for an\nantecedent breach.\n

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