To Rescind a Contract, the Parties Must Make Restitution of the Consideration

question 52

True/False

To rescind a contract, the parties must make restitution of the consideration they received under the contract.

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Definitions:

Effortful Processing

Encoding that requires attention and conscious effort.

Long-Term Retention

Long-term retention is the continued storage of information over an extended period, allowing it to be recalled later.

Testing Effect

The phenomenon that long-term memory is increased when some of the learning period is devoted to retrieving the to-be-remembered information through testing with proper feedback.

Information-Processing Model

A cognitive approach that likens the mind to a computer, emphasizing how information is inputted, stored, and retrieved.