Rescission is all of the following EXCEPT

• A. An equitable remedy.
• B. A legal remedy.
• C. Termination of the contract.
• D. The possible result of a material misrepresentation.

Answer: (B)

Rescission is an equitable remedy that cancels a contract and puts the parties back in the position they were in before the agreement. It addresses unfairness or problems with how the agreement was formed, rather than awarding money damages. Because the goal is to undo the contract and restore the pre-contract status, rescission terminates the contract.

A material misrepresentation can be a ground for rescission, since misleading the other party undermines genuine consent and justifies unwinding the deal. That aligns with rescission as a possible result of misrepresentation.

The statement that rescission is a legal remedy is not correct. Legal remedies typically involve money damages or enforceable judgments, not undoing the contract itself.