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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. Investors Compensation Scheme Ltd v West Bromwich Building ...

    en.wikipedia.org/wiki/Investors_Compensation...

    Investors Compensation Scheme Ltd. v West Bromwich Building Society [1997] UKHL 28 is a frequently-cited English contract law case which laid down that a contextual approach must be taken to the interpretation of contracts. Lord Hoffmann set out five principles, so that contract should be construed according to:

  4. Vitiating factors in the law of contract - Wikipedia

    en.wikipedia.org/wiki/Vitiating_factors_in_the...

    In English law, a vitiating factor in the common law of contract is a factor that can affect the validity of a contract. The concept has been adopted in other common law jurisdictions, including the USA. A vitiating factor is one which spoils the contract, rendering it imperfect. The standard remedy is rescission, but damages may also

  5. Rescission - Wikipedia

    en.wikipedia.org/wiki/Rescission

    Rescission is the noun form of the verb "to rescind." It may refer to: Rescission (contract law) Rescission bill, a procedure to rescind previously appropriated funding in the United States; A synonym for repeal in parliamentary procedure; Several bills which have used the term in their names:

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

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

    The right of rescission is a legal protection under the Truth in Lending Act (TILA) that allows you to cancel certain home financing agreements without any financial penalties.

  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 ...

  8. Specific Relief Act 1963 - Wikipedia

    en.wikipedia.org/wiki/Specific_Relief_Act_1963

    Moreover a particular contract is not an isolated transaction. Often it is a link in the chain of several contracts. A failure at one place could cause serious dislocation to economic and social life. Contracts, thus must be enforced. But awarding compensation to an injured person is the only way that the law of contract can enforce a contract.

  9. Laesio enormis - Wikipedia

    en.wikipedia.org/wiki/Laesio_enormis

    The other party may avert rescission by agreeing to pay the difference to full value. This form of laesio enormis has been criticized from a legal and economics perspective for its inefficient incentives. In many cases it is impossible to profit from gathering information because profits above the mentioned threshold are prohibited by the law. [7]

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