Which of the following statements is the best description of the remedy of' 'rescission'?
A)The injured party is entitled to set aside the contract and be restored to their pre-contractual position.
B)The party at fault is restrained from breaching the contract or from committing a wrongful act.
C)The party at fault is directed to carry out their obligations under the contract.
D)The party at fault has unjustly obtained a benefit at the injured party's expense and is ordered to restore it to the injured party.

Question

Quizplus · Accepted Answer

Rescission allows the injured party to cancel the contract and be restored to their pre-contractual position. This means that both parties will be released from their obligations under the contract and any benefits received must be returned to the original owner.

Which of the Following Statements Is the Best Description of the Remedy