Contracts
Vermont's 'rescission' of a real estate contract returns the parties to:
AA position where either party may renegotiate
BTheir pre-contract positions, with all consideration (deposits, payments) returned✓ Correct
CA modified version of the original agreement
DA position where only the buyer has rights
Explanation
Rescission cancels the contract and restores the parties to their original pre-contract positions, requiring return of any consideration paid. It is an equitable remedy available when contracts are obtained by fraud, misrepresentation, or failure of a condition.
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