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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. Pre-existing duty rule - Wikipedia

   en.wikipedia.org/wiki/Pre-existing_duty_rule

   There are ways around the legal duty rule, such as mutual rescission of the existing contract with a clear indication of such rescission (literally tearing up the old contract). Also, in some states, parties may renegotiate contracts to include additional benefits if, for example, the party performs unexpected or additional duties, the parties ...

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

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

   The right of rescission gives you the legal grounds to rescind (hence the name) your portion of certain home financing agreements. In other words, a rescission, in mortgage speak, is your chance ...

5. Mistake (contract law) - Wikipedia

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

   The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. [3] For example, Harjoth and Danny make a contract grounded on the erroneous belief that a particular debt is barred by the Indian law of Limitation; the contract is not ...

6. Accord and satisfaction - Wikipedia

   en.wikipedia.org/wiki/Accord_and_satisfaction

   Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]

7. Misrepresentation - Wikipedia

   en.wikipedia.org/wiki/Misrepresentation

   Under s. 2(2) of the Misrepresentation Act 1967, the court has the discretion to award damages instead of rescission, "if of opinion that it would be equitable to do so, having regard to the nature of the misrepresentation and the loss that would be caused by it if the contract were upheld, as well as to the loss that rescission would cause to ...