____________ attempts to return both parties to their original positions; the subject matter of the contract must be returned to the original owner,and any monies paid under the contract must also be returned.
A) Damages
B) Remedies
C) Rescission
D) Compensation
E) Avoidance

Question

Quizplus · Accepted Answer

Rescission is the appropriate choice as it refers to the cancellation of a contract and attempts to return both parties to their original positions by returning the subject matter of the contract to the original owner and any monies paid under the contract. Damages and compensation refer to monetary awards paid to the aggrieved party, whereas avoidance and remedies are broader terms that include various legal actions including rescission.

____________ Attempts to Return Both Parties to Their Original Positions;