Contracts
What does 'rescission' of an Ohio contract mean?
AOne party assigns their rights to a third party
BBoth parties cancel the contract and are restored to their original positions✓ Correct
CThe contract is modified to include new terms
DOne party receives money damages for breach
Explanation
Rescission cancels the contract and attempts to restore both parties to the positions they were in before the contract was made. It may occur by mutual agreement or by court order.
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