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What are the possible ramifications of failure to remedy complaints?

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Anonymous

4y ago

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Is recission a legal or an equitable remedy?

Rescission is considered an equitable remedy. It allows a contract to be cancelled and parties to be restored to their pre-contractual positions. It is typically granted by a court to prevent unjust enrichment or unfair outcomes.


What is an example of legal remedy?

An example of a legal remedy is monetary compensation awarded by a court to a party who has suffered damages due to the actions of another party. This compensation is intended to restore the harmed party to the position they were in before the wrongdoing occurred.


Review the discussion of the doctrine of election of remedies. What are some of the advantages and disadvantages of this doctrine?

The doctrine of election of remedies allows a party to choose a specific legal remedy to address a single harm. Advantages include providing flexibility to choose the most favorable remedy and avoiding double recovery. Disadvantages may arise when a party's choice limits their ability to pursue additional remedies or when the chosen remedy proves inadequate.


Is damages a remedy at law?

Yes, damages are a common remedy at law. Damages typically involve the payment of money by the party found liable for losses or injuries suffered by another party. They aim to compensate the injured party for their losses and can be awarded in various types of legal cases, such as contract disputes and personal injury claims.


What can an equitable remedy do?

An equitable remedy is different from a (money) damages remedy, usually because no amount of money would solve the plaintiff's problem. In other cases, such as contract modification, it is more efficient to restate the agreement than to guess at what the parties' damages might be.

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How do you use the remedy?

remedy