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What is Understanding Contract Rescission Law about?
Rescission is an equitable remedy that undoes a contract and returns the parties to the positions they held before entering the contract. A court has discretion on whether to grant rescission and may decline it if one party has substantially performed the contract or a third party has acquired rights. To receive rescission, the injured party must generally offer to return any benefits received under the contract. While notice can allow for rescission, other acts like notifying authorities may also indicate
- Author
- Mohandas Periyasamy
- Language
- EN