The legal remedy of cancelling a contract and restoring the parties to their original positions is called

Recapture refers to the act of regaining possession of something that was lost or taken, and it does not apply to contract law. It is generally used in contexts like property retrieval rather than the formal cancellation of contracts. Therefore, it does not encompass the legal framework of restoring parties to their original positions in a contractual agreement.

Rejection occurs when one party refuses to accept an offer or the terms of a contract, which leads to the termination of that offer. However, rejection does not involve canceling an existing contract or restoring the parties to their original positions; it simply refers to a refusal of a proposed agreement. Hence, it lacks the restorative aspect associated with rescission.

Reversion is a legal term that refers to the return of property or rights to the original owner after a temporary transfer, typically seen in property law. It does not pertain to the cancellation of contracts or the restoration of parties to their original positions. Therefore, it is not applicable in the context of contract law remedies.