(law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made
English language
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rescission::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | recission |
| Type of | cancellation |
| Derivation | rescind |
Examples of rescission
rescission
His new rescission proposal also is frugality theater, and is similarly frivolous.
From the bostonherald.com
Some outside analysts were equally dismissive of Obama's rescission proposal.
From the washingtonpost.com
Critics say the proposed change by the Fed would render the rescission clause useless.
From the kentucky.com
Rescission is a bureaucratic word for taking back money that was previously allocated.
From the kansas.com
The buyers could have sued for rescission of the sale, but they liked the spacious house.
From the latimes.com
Flanagan also criticized Poizner for failing to produce promised rescission regulations.
From the latimes.com
The practice, known as rescission, has been under investigation by the state since 2006.
From the ocregister.com
More than 78% of the voting schools opposed rescission of the new rule.
From the usatoday.com
An action for fraudulent misrepresentation allows for a remedy of damages and rescission.
From the en.wikipedia.org
- Recission: (law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made; "recission may be brought about by decree or by mutual consent"
- In contract law, rescission (also called overturning) has been defined as the unmaking of a contract between parties. Rescission is the unwinding of a transaction. ...
- (rescissions) act of making void bottom line
- The legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions; a return to the status quo.
- The cancellation of a contract by the operation of a law or by mutual consent. In some circumstances, borrowers have the right to cancel a transaction within three business days after closing.
- Is a controversial insurance industry practice that has come under fire as an unfair tactic used to deny coverage to policy holders. ...
- Rescission is also known as the "cooling-off-period". Regulated state by state and country by country. This is the time period following the purchase of a timeshare property allowing the buyer to cancel the agreement without penalties.
- The annulment of a contract as a result of which both parties are returned to their former positions.
- The act of canceling or annulling the effect of a document.
