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  2. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    Rescission at common law (as distinct from rescission in equity) is a self-help remedy: historically, the common law courts simply gave effect to the rescinding party's unequivocal election to rescind the contract. Rescission at common law is only available for fraudulent misrepresentations and duress.

  3. Right of rescission: Canceling a HELOC, home equity loan or ...

    www.aol.com/finance/rescission-canceling-heloc...

    For example, if you completed the closing on the Friday before Memorial Day weekend, you’d have until midnight on the following Wednesday to exercise your right of rescission. How to exercise ...

  4. Misrepresentation - Wikipedia

    en.wikipedia.org/wiki/Misrepresentation

    Rescission requires the parties to be restored to their former positions; so if this is not possible, rescission is unavailable. [ 78 ] A misled party who, knowing of the misrepresentation, fails to take steps to avoid the contract will be deemed to have affirmed through " laches ", as in Leaf v International Galleries ; [ 79 ] [ 80 ] [ 81 ...

  5. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Example 1: Day 1: A makes an offer to B. Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4.

  6. Can a goodwill letter get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    Here is an example template for a possible letter. Example template [Your Name] [Your Address] [Phone Number] [Email Address] [Date] [Creditor/Lender’s Name] [Creditor/Lender’s Address]

  7. Misrepresentation Act 1967 - Wikipedia

    en.wikipedia.org/wiki/Misrepresentation_Act_1967

    Damages for misrepresentation. (1) Where a person has entered into a contract after a misrepresentation has been made to him by another party thereto and as a result thereof he has suffered loss, then, if the person making the misrepresentation would be liable to damages in respect thereof had the misrepresentation been made fraudulently, that person shall be so liable notwithstanding that the ...

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