North Ocean Shipping v Hyundai Construction demonstrates a bar to rescission
Damages for breach of contract is the main remedy in contract law. But there are several other remedies which may sometimes be available. Of these the most important is rescission.
Rescission is an ‘equitable’ remedy, meaning that it was developed by the courts of equity before they were merged with the courts of common law in the late nineteenth century. It is not the only equitable remedy relevant to contract law. Others are specific performance, injunctions and rectification.
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