To "undo" a contract and put the parties where they were before they made the agreement is called
A)restitution.
B)rescission.
C)reliance.
D)remediation.

Question

Quizplus · Accepted Answer

Rescission is the term used to describe the process of canceling or "undoing" a contract. It involves putting the parties back in the position they were in before the contract was made. Restitution refers to the return of property or compensation for loss, reliance involves proving that one party reasonably relied on the promises of the other, and remediation refers to the process of fixing a problem or putting things right. Therefore, only option B is the best choice for this question.

To "Undo" a Contract and Put the Parties Where They