Which of the following statements is true of rescission?

Question $5$ options:

If a party to a contract intentionally relinquishes a right to enforce the contract, a rescission occurs.

If a party to a contract announces the other party does not have to perform as promised, a rescission exists.

If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.

It arises from unusual losses that were foreseeable.

It results in awarding monetary damages to a nonbreaching party that is intended to punish the breaching party of a contract.