Asked by James Bertakis on Jun 29, 2024
Verified
Which of the following is not an equitable remedy available for a breach of contract?
A) Rescission
B) Restitution
C) Specific performance
D) Injunction
E) Novation
Novation
The act of replacing an old contract with a new one, where a different party assumes the obligations or benefits of the original party.
Equitable Remedy
A non-monetary court order to take or refrain from taking specific actions, granted when money damages are insufficient.
- Acquire an understanding of the nature and origins of equitable remedies, and contrast these with legal remedies.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
E
Explanation :
Today,the most common equitable remedies include rescission and restitution,orders for specific performance,and injunctions.Novation is not an equitable remedy but is instead the substitution of a party in an agreement.
Learning Objectives
- Acquire an understanding of the nature and origins of equitable remedies, and contrast these with legal remedies.
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