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CELE SQE1 模拟练习

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Recission is an equitable remedy. In this context what does recission mean?

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Recission is an equitable remedy that allows a contract to be set aside, effectively returning the parties to their pre-contractual position. This remedy is often used in cases where a contract was formed under misrepresentation, fraud, undue influence, or mistake. 

Key Point: Recission is a key equitable remedy that ensures fairness by undoing contracts that were improperly formed or where the circumstances justify such an action.



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