Lester and Myrtle want to rescind their contract under which Lester sold an MP3 player for $40.To rescind the contract
A)Lester must return the $40 and Myrtle must return the player.
B)Lester must return the $40 only.
C)Myrtle must return the player only.
D)the parties can keep the "benefits" of their bargain.

Question

Quizplus · Accepted Answer

In order to rescind the contract, both parties need to return the items they received in the transaction. Therefore, Lester must return the $40 and Myrtle must return the MP3 player. This will nullify the contract and put both parties back in their original position prior to the transaction.

Lester and Myrtle Want to Rescind Their Contract Under Which