Why Might the Innocent Party Prefer to Obtain Rescission as a Remedy

question 13

Short Answer

Why might the innocent party prefer to obtain rescission as a remedy for breach of contract, rather than an order for damages?

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Definitions:

Times Interest

A financial ratio, also known as interest coverage ratio, that measures a company's ability to meet its interest payments on outstanding debt.

Equity Multiplier

A financial leverage ratio that measures the proportion of a company's assets that are financed by stockholders' equity.

Dividend Yield

The ratio of a company's annual dividend payments to its share price, reflecting the earning potential from dividends for investors.

Receivable Turnover

A financial metric that measures the efficiency of a company in extending credit and collecting debts, calculated as sales divided by the average accounts receivable.