Examlex
Fama (1970) outlines the sufficient conditions in order for all shareholders to agree about the exact nature of uncertainty.Which of the following statements is not one of the specified sufficient conditions?
Rescission
Rescission is the legal act of unmaking or terminating a contract, returning the parties involved to their positions prior to the contract's existence.
Restitution
The return of any property given up under a contract.
Absolute Obligation
A duty or responsibility that is not subject to any conditions and must be fulfilled under all circumstances.
Equitable Remedies
Court-enforced actions directed at a party in a civil lawsuit, aimed at correcting a legal wrong or injustices, such as orders for specific performance, injunctions, and rescissions.
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