| The seller who intends to institute a rescissory action shall notify such action by extrajudicial act or by any means in writing to the creditors entered against the business at the elected domicile in their entries. |
| He shall also enter his rescissory action in advance in the Register, in accordance with the provisions stipulated for this purpose in the Uniform Act on the organization of securities. |
| In the time of paper money and the fairly rapid deterioration of this paper, rescissory actions were abolished even in civil matters, with good reason, since these matters were as mobile and uncertain as matters of commerce. |
| The ruling reinstates Assured's demands for rescissory and other damages and fees. |
| Most state securities acts provide for rescissory damages when a sale involves fraud, deceit, or a material misrepresentation or omission of fact. |
| Finally, it shows that the same reasoning supports rescissory remedies for contractual mistake, frustration, or impossibility. |
