Rescission and restitution restore the parties to the positions they occupied prior to the contract.

Question

Quizplus · Accepted Answer

Rescission and restitution are remedies for breach of contract that aim to undo the contract and return the parties to the position they were in before the contract was made. Rescission voids the contract and releases the parties from their obligations, while restitution requires the return of any consideration exchanged under the contract. Together, these remedies aim to eliminate any harm caused by the breach and restore the parties to their pre-contract state.

Rescission and Restitution Restore the Parties to the Positions They