Which of the following is TRUE regarding rescission as a remedy?

Question

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Rescission is a remedy that allows a party to a contract to seek to have the contract undone, essentially restoring both parties to the position they were in before the contract was formed. However, courts may not grant rescission if money damages would be sufficient to compensate the injured party. This is because rescission is a drastic remedy and should only be granted when no other remedy will suffice. Rescission is not limited to any specific type of contract and can be granted for contracts involving the sale of goods, personal services, or unique items of personal property if the requirements for rescission are met.

Which of the Following Is TRUE Regarding Rescission as a Remedy