Which term describes giving up a right through actions or failure to enforce a right?

Which term describes giving up a right through actions or failure to enforce a right?

• A. Waiver
• B. Estoppel
• C. Rescission
• D. Fraud

Answer: (A)

Waiver is the voluntary relinquishment of a known right, which can happen by explicit actions or by not enforcing the right. The description fits because it describes giving up a right through conduct or failure to enforce it. Estoppel stops someone from denying a right because of their own prior conduct or assurances and someone’s reliance on them; rescission means canceling a contract and returning things to the way they were; fraud involves intentional deceit to gain an advantage. So the term that best matches the idea of giving up a right through actions or inaction is waiver.

Waiver is the voluntary relinquishment of a known right, which can happen by explicit actions or by not enforcing the right. The description fits because it describes giving up a right through conduct or failure to enforce it. Estoppel stops someone from denying a right because of their own prior conduct or assurances and someone’s reliance on them; rescission means canceling a contract and returning things to the way they were; fraud involves intentional deceit to gain an advantage. So the term that best matches the idea of giving up a right through actions or inaction is waiver.