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Under a rescission agreement, The: a) contract is cancelled and the ourchaser is in default b) parties are returned to their original positions and all
Under a rescission agreement, The:
a) contract is cancelled and the ourchaser is in default
b) parties are returned to their original positions and all monies must be returned
c) seller is in default because of inability to perform
d) contract is voidable by either party
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Managerial Accounting For Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
6th Edition
1264100590, 9781264100590
