Home (Rescission)
Home  
 
 
Home » Law » Rescission


 

Rescission

Law RescindRescue

Rescission: The unmaking or undoing of a contract; repeal.
The Legal Dictionary has taken steps to ensure that all legal, law, and court terms contained in our legal dictionary are correct.

 


Rescission
(n) Rescission is the mutual agreement between the partied to an agreement or contract, deciding to nullify, cancel or otherwise terminate the agreement entered among them and restore the position prior to that agreement ...

Rescission The unmaking or undoing of a contract; repeal.
Research A careful hunting for facts or truth about a subject; inquiry; investigation.
Resolution The formal adoption of a motion.

rescission
n. the cancellation of a contract by mutual agreement of the parties.

Rescission
A judicial decree that cancels or annuls a contract; the termination of the contract by word or act of the parties.

Rescission - Cancellation of a contract.
Res Judicata - A thing or matter already decided by a court.

RESCISSION OF A CONTRACT. The destruction or annulling of a contract.

rescission
A revocation or stopping action, particularly of a contract. Rescission is only allowed where restitution (q.v.) is possible (verb: to rescind).
residence order ...

Term: Rescission
Definition: A judicial decree that cancels or annuls a contract; the termination of the contract by word or act of the parties.

Rescissions
The rules and procedures for rescissions are very similar to those for deferrals. As with a deferral, the president must send Congress a message proposing a rescission.

Rescission
Definition - Noun
: the act, process, or fact of rescinding esp. a contract
specif
: the equitable judicial remedy of rescinding a contract in a suit brought by one of the parties
compare reformation
Pronunciationri-'si-zh&n ...

Rescission
The cancellation of a transaction or contract by law or by mutual consent.
Residential ...

Rescind To grant rescission, q.v. Rescission Rescission is an equitable remedy granted by a court to relieve a person from a contract unjustly entered into.

Rescission: Abrogation or cancellation of a contract, putting the parties in the same position they would have been in, had there been no contract.

The rescission of the contracts. 6. Extinguishment. 7. Confusion, where the duty to pay and the right to receive unite in the same person. 8. Extinction, or the loss of the subject matter of the contract. 9. Defeasance. 10.

Rescission
Where someone has entered into a contract as a result of a misrepresentation (see ‘misrepresentation'), he may rescind (i.e. end) the contract. This has the effect of restoring both parties to their original (pre-contract) positions.

to rescind the contract, then, if it is claimed, in any proceedings arising out of the contract, that the contract ought to be or has been rescinded, the court or arbitrator may declare the contract subsisting and award damages in lieu of rescission, ...

Rescission can occur in one of two ways: either a contract can be set aside (rescinded) because of some defect in its formation (such as misrepresentation, duress or undue influence); or it can be set aside by joint agreement by the parties, ...

The misrepresentation, for purposes of rescission, need not be fraudulent; it is sufficient that it is false in fact: fraud or recklessness of assertion will give the shareholder a further remedy by action of deceit, ...

Concealment Failure to reveal information that one knows should be disclosed in good faith. Such concealment can be a cause for rescission (cancellation) of a contract by the misled party or a civil lawsuit for fraud.
Need Legal Help?

Misrepresentation
A false and material statement which induces a party to enter into a contract. This is a ground for rescission of the contract.
Back To Top ...

This is a ground for rescission of the contract. Mistrial A partial or complete trial which is found to be null and void and of no effect because of some irregularity.

See also: Contra, Contract, Law, State, Action

Law RescindRescue

 
 rssRSS