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Remedy of Rescission
A legal remedy that voids a contract, returning the parties to their positions prior to the agreement, typically used in cases of misrepresentation or fraud.
Statutory Assignment
The transfer of legal rights from one party to another under the terms of a statute.
Equitable Assignment
Equitable assignment refers to a transfer of rights or benefits from one party to another that is recognized by courts of equity despite lacking the formal legal structure of a statutory assignment.
Fraudulent Misrepresentation
A false statement made knowingly, without belief in its truth, or recklessly, with intent to deceive and induce another to enter into a contract.
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