Rescission is an equitable remedy which enables both parties to a contract to be restored to their pre-contract positions in the event that one party commits a repudiatory breach of contract.

Name: Rescission is an equitable remedy which enables both parties to a contract to be restored to their pre-contract positions in the event that one party commits a repudiatory breach of contract.
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Question

Quizplus · Accepted Answer

This is an accurate statement about rescission as an equitable remedy for breach of contract.

Rescission Is an Equitable Remedy Which Enables Both Parties to a Contract