Which of the Following Statements Is TRUE with Respect to the Word

Which of the following statements is TRUE with respect to the word "rescission"?

A) Rescission always arises as a result of a contractual defect.
B) Rescission is the name of the process that allows a contract to be discharged after one party has breached a serious term of the contract.
C) Depending upon the circumstances, rescission may involve either a bilateral agreement to discharge a contract or a unilateral decision to terminate a contract.
D) Rescission eliminates the need to perform outstanding primary obligations, but it does not affect secondary obligations.
E) Rescission always requires the supply of fresh consideration.