Grounds for Rescission

Rescission is a remedy that is considered equitable; it provides the parties with a fair resolution to a problem rather than money damages. If a contract is rescinded it is, to the law, as if it never existed. Because rescission destroys rights people have under contracts, it requires clear evidence that it would be unfair and unreasonable to allow anyone to enforce the terms of the contract.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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