Rescission Definition & Meaning - Merriam-Webster
The meaning of RESCISSION is an act of rescinding.
Rescission - Definition, Examples, Cases, Processes - Legal …
2015年2月14日 · In contract law, the term “rescission” refers to the undoing, or “unmaking” of a contract between parties. Rescission of a contract may be ordered by a court as an equitable remedy in a civil lawsuit, and is intended to bring the parties as close to the same position they were in before they entered into the contract as possible. While ...
What Is Rescission? Requirements, How It Works, and Example - Investopedia
2024年4月17日 · Rescission is when a contract is rendered null, void, and no longer legally binding. The courts can free non-liable parties from their agreed obligations and, when possible,...
rescission | Wex | US Law | LII / Legal Information Institute
Rescission is available to a party when there has been a misrepresentation of a material fact, and the misrepresentation was made to be relied on, and has been relied on. The typical reasons for rescission include fraud, duress, unilateral or mutual mistake, and inadequacy of consideration.
Rescind - Definition, Examples, Cases, and Processes - Legal …
2018年9月13日 · To rescind something in law means to invalidate it. Examples of rescission often come up in contract law, as parties may decide to void, or rescind, a contract they had previously entered into. The parties can either agree between themselves to rescind the contract, or they can bring the matter before the court and have a judge sign off on it.
RESCISSION | definition in the Cambridge English Dictionary
RESCISSION meaning: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
Rescission legal definition of rescission - TheFreeDictionary.com …
A mutual mistake concerning a material fact entitles the party affected by the mistake to rescind the contract, unless the contract has already been completed and rescission would be an injustice to the other party. Rescission can also be allowed even for a unilateral, or onesided, mistake in order to prevent an Unjust Enrichment of the other ...
RESCISSION | English meaning - Cambridge Dictionary
RESCISSION definition: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
Rescission Definition - What Does Rescission Mean? - Legal …
Rescission is a remedy to undo a transaction, and it’s different from void or voidable contracts. A void contract is unenforceable from the beginning, while a voidable contract is valid, but one party has the option to cancel it.
Rescission - The Law Dictionary
Find the legal definition of RESCISSION from Black's Law Dictionary, 2nd Edition. Rescission, or the act of rescinding, is where a contract is canceled, annulled, or abrogated by the parties, or one of them.
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