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- Dictionaryrescission/rɪˈsɪʒn/
noun
- 1. the revocation, cancellation, or repeal of a law, order, or agreement: formal "the plaintiff agreed to the rescission of the agreement"
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Apr 17, 2024 · 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,...
Feb 14, 2015 · Rescission is a complete undoing of the contract, meaning all provisions are cancelled. There is no thing as a “partial rescission.” Contracts are cancelled for a variety of reasons.
RESCISSION definition: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
: an act of rescinding. Synonyms. abandonment. abortion. calling off. cancellation. cancelation. dropping. recall. recision. repeal. revocation. See all Synonyms & Antonyms in Thesaurus. Examples of rescission in a Sentence.
RESCISSION meaning: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
Sep 13, 2018 · The term “rescind” is used to describe the act of canceling a contract that had been previously agreed to. In contract law, this is referred to more fully as “ rescission.” The purpose of a rescission is to start over with a clean slate, to allow the parties to return to the status quo that existed before the agreement was made.
Rescission is the termination of an insurance contract by the insurer because facts have been concealed or misrepresented by the proposer. An insurer usually seeks a rescission of an insurance policy when there has been a material misrepresentation in the insurance application.
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.
Definition of "rescission". Termination of a contract through consensual understanding between involved parties. How to use "rescission" in a sentence. The couple decided on the rescission of their lease agreement when they found a better apartment.
Rescission. The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been formed.
