Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract Select one:

a. Guido must return the $100 and Hal must return the bike.

b. Guido must return the $100 only.

c. Hal must return the bike only.

d. the parties can keep the "benefits" of their bargain.

Question

Frost

Business

18 March, 09:40

Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract Select one:

a. Guido must return the $100 and Hal must return the bike.

b. Guido must return the $100 only.

c. Hal must return the bike only.

d. the parties can keep the "benefits" of their bargain.

+1

Answers (1)

Know the Answer?

Adrienne Wilkinson · Answer 1

a. Guido must return the $100 and Hal must return the bike.

Explanation:

As they are rescinded they must return things that they agreed. In that condition Guido must return $100 and Hal must return the bike. Other options don't match with the rescind issue.