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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...

   The right of rescission gives you the legal grounds to rescind (hence the name) your portion of certain home financing agreements. ... Keep in mind that once you rescind the loan contract, there ...

4. Can a seller back out of a real estate contract? - AOL

   www.aol.com/finance/seller-back-real-estate...

   If the buyer wants to take the case to court, they may have grounds to sue the seller for breach of contract. Legal action can be expensive and time-consuming, however, and it may not result in a ...

5. Legal remedy - Wikipedia

   en.wikipedia.org/wiki/Legal_remedy

   Equitable rescission; Equitable rescission gives the innocent plaintiff the right to undo or rescind a contract when the plaintiff entered the contract as a result of fraud, misrepresentation, etc., or when the contract has been breached by the other party. To restore the situation to what it was before the contract, both parties need to return ...

6. Misrepresentation - Wikipedia

   en.wikipedia.org/wiki/Misrepresentation

   Innocent misrepresentation is "belief on reasonable grounds up till the time of the contract that the facts represented are true". (s.2(1) of the Act). (s.2(1) of the Act). Remedy : The misled party may rescind but has no entitlement to damages under s.2(1).

7. Mistake (contract law) - Wikipedia

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

   Mistake of law is when a party enters into a contract without the knowledge of the law in the country. The contract is affected by such mistakes, but it is not void. 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]