The right to rescind a contract may be lost if:

Question

Quizplus · Accepted Answer

All of the options listed can result in the right to rescind being lost. If the innocent party fails to act to bring about rescission, they may be seen as consenting to the contract. If it is impossible to restore the parties to their previous positions, then rescission may not be a viable option. If the innocent party chooses to continue with the transaction, they may be seen as waiving their right to rescind.

The Right to Rescind a Contract May Be Lost If