Q: Can i rescind on a contract to buy a car
A: It depends on whether the other side has accepted the offer to purchase. If so, you can try to negotiate with the other side. However, you may not unilaterally rescind once the contract has been fully formed.
A: A contract Rescission may be made under certain conditions. A contract may be rescinded if a party can prove; unconscionability, duress, misrepresentation, mistake, fraud, incapacity (minority or lack of mental capacity, voidable contract by one without capacity), undue influence, coercion, subject matter being illegal (void contract), etc. Each item here can be discussed in length. For example, mistake is a huge area of the law of contracts. I suggest you consult a business lawyer and provide all the facts. Good luck.
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