ContractsBreach_and_remediesMEDIUM
A buyer discovers after closing that the seller knowingly concealed a material defect. The buyer wants the sale undone and to be restored to the pre-purchase position. What remedy is the buyer seeking?
Correct Answer
B) Rescission
Rescission cancels the contract and restores the parties as nearly as possible to their precontract positions.
Answer Options
A
Specific performanceB
RescissionC
Liquidated damagesD
Anticipatory breachWhy This Is the Correct Answer
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Key Terms:
breach_and_remediescontractsrescissionfraud
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