Asked by Monikka Ramkissoon on Jun 28, 2024
Verified
Restitution can be obtained where a voidable contract is avoided.
Restitution
Restitution is the act of compensating for loss or damage caused by one’s actions, often involving the return of stolen goods or payment of money to cover damages.
Voidable Contract
A contract that is valid and enforceable on the surface, but can be declared void by one of the parties due to certain defects.
- Ascertain the conditions under which restitution serves as an applicable remedy.
Verified Answer
AT
ARLANG TROYNJul 01, 2024
Final Answer :
True
Explanation :
Restitution is the returning of any property or money received under a contract that is avoided (i.e. deemed legally void) by one of the parties. Thus, restitution can be obtained where a voidable contract is avoided.
Learning Objectives
- Ascertain the conditions under which restitution serves as an applicable remedy.
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