Contracts
Rescission of a contract returns the parties to:
AThe position they were in at the time of first contact
BTheir original positions as if the contract never existed✓ Correct
CA modified version of the original agreement
DA new contract with different terms
Explanation
Rescission cancels the contract and restores the parties to their original pre-contract positions, with any consideration exchanged (such as earnest money) returned.
Related Indiana Contracts Questions
- A contract is voidable when:
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