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recission
Recission is the cancellation of a contract; the parties can rescind either through mutual stipulation, or by court decree. Typical grounds for recission include:
In every jurisdiction, a person seeking recission must "tender back", that is, restore or offer to restore, all that he received under the contract.
Cases
[Gordon v Tafe] (contract to sell house rescinded where both parties made [mutual unilateral mistake of fact] as to existence of termites in house)
[alias: rescind]