Lou and Mira Want to Rescind Their Contract Under Which

question 67

Multiple Choice

Lou and Mira want to rescind their contract under which Lou sold an MP3 player to Mira for $50. To rescind the contract

• A) Lou must return the $50 and Mira must return the player.
• B) Lou must return the $50 only.
• C) Mira must return the player only.
• D) the parties can keep the "benefits" of their bargain.

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Definitions:

Natural Rights

Rights that are considered inherent and universal to all human beings regardless of legal systems or government recognition, typically including life, liberty, and property.

First Continental Congress

A meeting of delegates from twelve of the Thirteen Colonies in 1774, convened in Philadelphia to address issues with British governance, laying groundwork for the American Revolution.

Raised an Army

The act of recruiting, training, and organizing a military force for the purposes of defense or combat in a conflict or war.

Demoralized

Refers to a state in which an individual or group feels a loss of courage, confidence, or morale.