Contracts
Under Wyoming contract law, rescission restores the parties to their:
APosition at the time of signing only
BOriginal pre-contract position as if the contract never existed✓ Correct
CPosition specified in the contract's liquidated damages clause
DFinancial position at the time of breach
Explanation
Rescission cancels the contract and attempts to restore the parties to their original positions as if the contract never existed. This typically involves returning earnest money to the buyer and returning any consideration exchanged. It differs from termination, which recognizes the contract was valid.
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