Source: http://library.nevadalaw.info/law_library/Rescission%20Remedy%20Nevada.htm
Timestamp: 2019-04-21 14:06:49+00:00

Document:
In Nevada, rescission is a remedy which allows the harmed party, either through unilateral action, or through the institution of a suit in equity, to abrogate or cancel a contract totally, returning the parties to the positions they held prior to the execution of the contract.
4. Where there has been a valid rescission of contract, there is no contract to enforce and therefore no possible cause of action for breach.
Pacific Maxon, Inc. v. Wilson, 96 Nev. 836, 619 P.2d 816; Scaffidi v. United Nissan, 425 F. Supp. 2d 1172 (D. Nev. 2005). Great Am. Ins. Co. v. Gen. Builders, Inc., 113 Nev. 346, 934 P/2d 257, 262 n.6 (1997)(“A priori, where there has been a valid rescission of the contract, there is no longer any contract and, therefore, no longer a cause of action for breach.”). Rescission voids a contract. Bergstrom v. DeVoe, 109 Nev.575, 577, 854 P.2d 860, 862 (1993). Restitution is a form of rescission. Reed v. Sixth Jud. Dist. Ct., 75 Nev. 338, 341, 341 P.2d 100, 101 (1959); Dan B. Dobbs, Law of Remedies, 552 (2d. Ed. 1993). Rescission and damages are inconsistent; election of one is a bar to the other. Mullinix v. Morse, 81 Nev. 451, 454, 406 P.2d 298, 300 (1965).

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