The remedy of rescission provides the injured party under a real estate contract with the following relief:
A) contract is terminated and party is entitled to reimbursement for expenses.
B) contract is terminated with no reimbursement for expenses.
C) contract is terminated and injured party is entitled to recover lost profits.
D) none of the above.

Question

Quizplus · Accepted Answer

Rescission allows for the termination of the contract and restitution to the injured party for any expenses incurred. It does not allow for the recovery of lost profits as that would be a remedy under a breach of contract claim.

The Remedy of Rescission Provides the Injured Party Under a Real