Contracts
Under California law, what is 'rescission' of a contract?
AA court order to compel performance of a contract
BCancellation of the contract and restoration of both parties to their original pre-contract positions✓ Correct
CA modification of the contract's key terms
DA transfer of contractual rights to a third party
Explanation
Rescission cancels a contract and attempts to restore both parties to the position they were in before the contract was formed. Grounds for rescission include fraud, mistake, failure of consideration, or impossibility of performance.
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