In which of the following cases can the remedy of rescission be invoked by the affected party?

A) Mistake of tort
B) Mistake of contract
C) Mistake of law
D) Mistake of fact

Mistake of Fact

A misunderstanding by one or more parties to a contract about a material fact that is essential to the agreement, which can sometimes render the contract voidable.

Rescission

The act of revoking, canceling, or annulling a contract, returning all parties to their statuses prior to the contract's formation.

Mistake of Law

An error made by a person in understanding the law as it pertains to their actions, which generally is not considered a defense in criminal law.