________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.

A) Damages
B) Remedies
C) Recession
D) Compensation
E) Avoidance

Question

Keren Ruby Bravo · Accepted Answer

Final Answer : C, Explanation :  Recession, in the context of contract law, refers to the process of unwinding a contract, returning both parties to their original positions before the contract was executed. This involves the return of any property or money exchanged as part of the contract.

________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.

A) Damages
B) Remedies
C) Recession
D) Compensation
E) Avoidance

Definitions

Learning Objectives

Learning Objectives

Related questions

________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.A) DamagesB) RemediesC) RecessionD) CompensationE) Avoidance

Definitions

Learning Objectives

Learning Objectives

Related questions

________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.

A) Damages
B) Remedies
C) Recession
D) Compensation
E) Avoidance