Contracts
Under Mississippi contract law, the remedy of 'rescission' allows:
AThe court to order specific performance
BBoth parties to cancel the contract and be restored to their pre-contract positions✓ Correct
CThe buyer to receive double the earnest money
DThe seller to keep the earnest money and re-list the property
Explanation
Rescission is an equitable remedy that cancels the contract and restores both parties to the status quo ante (as they were before the contract). It may be available when a contract was based on fraud, misrepresentation, or mistake.
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