Contracts
Rescission of a NH real estate contract returns the parties to:
AA modified version of the original agreement
BTheir positions before the contract was formed✓ Correct
CA new contract with adjusted terms
DBinding arbitration
Explanation
Rescission cancels a contract and restores the parties to their pre-contract positions (status quo ante). Earnest money is returned to the buyer, and the seller reacquires the right to sell to others.
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