Contracts
In South Carolina, which of the following is a valid reason for 'mutual rescission' of a real estate contract?
AOnly the buyer can request rescission
BWhen both parties agree to cancel the contract and return to their pre-contract positions✓ Correct
COnly when the property fails inspection
DWhen the seller gets a better offer
Explanation
Mutual rescission occurs when both parties agree to cancel the contract. Since the contract binds both, it typically requires the agreement of both to rescind without penalty.
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