A unilateral mistake is therefore in principle no ground for rescission of a contract.

So section 2(2) gives the court a discretion about whether it will allow rescission of a contract, or substitute an appropriate award of damages in lieu (instead).

The Supreme Court also hears cases involving claims for equitable relief, such as injunctions, specific performance, or rescission of a contract, as well as actions for a declaratory judgment.

Shogun Finance Ltd v Hudson [2003] UKHL 62 is an English contract law case decided in the House of Lords, on the subject of mistaken identity as a basis for rescission of a contract.

Section 2 of the Act governs changes to and rescission of contracts.

This case illustrates the contract law rules of rescission of contract by mutual mistake.

There is little fine feeling too in the arrangement planned for allowing the consumer a free option in the first year of warranty between repair, price reduction, rescission of contract and replacement.

Further, the Commission argued that the statutory reference to "permanent injunction" entitled the Commission to obtain an order not only permanently barring deceptive practices, but also imposing various kinds of monetary equitable relief (i.e., restitution and rescission of contracts) to remedy past violations.