Runyan v. Pacific Air Industries, Inc

In Runyan v. Pacific Air Industries, Inc. (1970) 2 Cal.3d 304, the California Supreme Court reviewed and discussed the impact of the 1961 revisions to the rescission statutes, noting, among other things, that the "simple procedure furnished by Section 1692" authorizes the trial court to invoke traditional and deep-rooted principles of courts of equity in order to award a rescinding party complete relief and to otherwise adjust the equities between the parties. (Id. at p. 318.) The court recognized that a monetary award of restitution and consequential damages was a valid means of affording complete relief to the rescinding party, but it also confirmed that the trial court has an express statutory obligation to ensure that any monetary award does not include duplicate or inconsistent items of recovery. (Id. at p. 319.)