Rescission is an equitable remedy and is discretionary. Other important legal provisions are those governing the rescission and termination of credit agreements. Removal of certain bars to rescission for innocent misrepresentation. The US state of Virginia uses the term "cancellation" for equitable rescission. There is a two-week right of revocation and rescission. A unilateral mistake is therefore in principle no ground for rescission of a contract. This case illustrates the contract law rules of rescission of contract by mutual mistake. Nor is rescission ab initio a precondition for recovery. Section 36 of the Magistrate's Court Act refers to the "rescission" of a judgment. Rescission is the unwinding of a transaction. Section 2 of the Act governs changes to and rescission of contracts. The rapporteurs have called its rescission insufficient. The rescission bill reduced the budget by about $300 million. Relief by way of rescission is provided by Chapter IV of the Specific Relief Act. Sometimes, third party rights may intervene and render rescission impossible.