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7 Which of the following describe one of the usual bars to rescission of a contract in equity? Select all that apply. Please note that
7 Which of the following describe one of the usual bars to rescission of a contract in equity? Select all that apply. Please note that "prior affirmation" and "affirmation" are the same thing--they were included twice by accident. You should select them both if you think one applies. Impossibility of achieving strict restitutio in integrum Impossibility of achieving substantial restitutio in integrum Affirmation Where an innocent third party has subsequently acquried rights in relation to the contract Prior affirmation Unreasonable delay 1 points Question 8 Refer to Tutorial 7 (Week 9), Question 1: Annabel finds an old guitar that belonged to her late father. She shows it to her friend, who says, 'that's an old Gibson ES-175'. It is, in fact, a Gibson ES-150. In external appearances the two models are similar, but the ES-150 is an older model and is less valuable than the ES-175. The ES-175 is worth $5000, and the ES-150 is worth $2500. Bob, who is also a novice collector of vintage guitars, comes to inspect the guitar, and exclaims: 'Wow, I'd love to have an ES-175; I'll give you $4000 for it.' Annabel, who has no idea about guitars, nor about their relative values, replies: 'If you say so, but I'll require cash. Bob, who bears a striking resemblance to a well-known reality TV star, says: 'I am a bit short of cash today, but don't you realise who I am?' Annabel replies: 'Of course I recognise you. As it is you, you can tak
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