Lou and Mira want to rescind their contract under which Lou sold a laser printer to Mira for $200.To rescind the contract

Question

Quizplus · Accepted Answer

Rescinding the contract means to undo the transaction and put both parties in the position they were in before the contract was made. In this case, Lou must return the $200 and Mira must return the printer. This restores both parties to their original position. Option A and D do not fully reverse the transaction, while option B only benefits Mira, not Lou.

Lou and Mira Want to Rescind Their Contract Under Which