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Contract/Mistake/Rescission

ThirdMan · 2011-04-18 10:47:06

Rescission returns the parties to the position they were in before the contract was made. So if a mistake can render a contract void, why would parties wish to have a contract rescinded? Is it just where money/goods has already changed hands?

18-04-2011 10:47AM

#1

ThirdMan

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Rescission returns the parties to the position they were in before the contract was made. So if a mistake can render a contract void, why would parties wish to have a contract rescinded? Is it just where money/goods has already changed hands?

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