Final answer:
The commonality between unilateral rescission, specific performance, and reformation is that they are all B. equitable remedies for breach of contract, focusing on ordering a party to act or refrain from acting, rather than monetary compensation.
Step-by-step explanation:
The commonality of unilateral rescission, specific performance, and reformation is that they are all equitable remedies for breach of contract. Unlike legal remedies, which generally involve monetary damages, equitable remedies are actions ordered by the court that require a party to do or refrain from doing something. Unilateral rescission allows a party to cancel the contract if the other party has made a significant breach or misrepresentation. Specific performance compels a party to fulfill the terms of the contract, typically used when the subject matter is unique and damages are not sufficient.
Reformation, on the other hand, involves the court rewriting the contract to reflect what the parties actually intended if there was a mistake or fraud. These remedies are based on the concept of contractual rights, ensuring that individuals can have confidence in the agreements they enter into and have recourse beyond simply monetary compensation.