The equitable remedy of rescission is available in a variety of circumstances. It may be granted by a court of equity when a transaction has been induced by fraud or mistake. Rescission will also be granted to a minor in order that he may exercise his privilege of withdrawing from a contract. It is also used as a remedy if one party’s breach of a contract is so substantial that the other party should not be required to perform either. This is covered in detail in chapter 12.