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Information for "Contracts/Rescission"
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Display title | Contracts/Rescission |
Default sort key | Contracts/Rescission |
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Page ID | 20943 |
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Page creator | 66.36.212.62 (talk) |
Date of page creation | 14:45, July 30, 2005 |
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Date of latest edit | 02:26, April 15, 2020 |
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Article description: (description ) This attribute controls the content of the description and og:description elements. | In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence.[1] Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract (the status quo ante). |
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