Asked by Ryane Smalley on Jun 18, 2024
Verified
Restitution is the termination of a contract,and rescission is the return of any property given up under the contract.
Restitution
The return of any property given up under a contract.
Rescission
Rescission is the legal act of canceling, terminating, or voiding a contract, thereby returning all parties involved to their pre-contractual positions.
- Analyze the use of fair remedies within contract law, such as injunctions, rescission, and restitution.
Verified Answer
MP
Miranda PerkinsJun 21, 2024
Final Answer :
False
Explanation :
Sometimes contracting parties want to be returned to their precontract status; they want to have the contract terminated and to have any transferred property returned to its original owner.That is,they want rescission and restitution.Rescission is the termination of a contract,and restitution is the return of any property given up under the contract.
Learning Objectives
- Analyze the use of fair remedies within contract law, such as injunctions, rescission, and restitution.
Related questions
Caroline Goes to Work for a Soft Drink Company That ...
Normally, Specific Performance Is Not Granted Unless the ...
The Equitable Remedy Of________ Promised in the Contract ...
When the Parties Have Imperfectly Expressed Their Agreement in Writing ...
A Reformation Occurs When a Court Rewrites the Parties' Contract ...