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Question
Which of the following statements is true of rescission?
A. It results in awarding monetary damages to a nonbreaching party that is intended to punish the breaching party of a contract.
B. It arises from unusual losses that were foreseeable.
C. If a party to a contract intentionally relinquishes a right to enforce the contract, a rescission occurs.
D. If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
E. If a party to a contract announces the other party does not have to perform as promised, a rescission exists.
Answer
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