rescission (redirected from Inadequate Consideration)

re·scis·sion  (r-szhn)

n.

The act of rescinding.

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[Latin rescissi, rescissin-, from rescissus, past participle of rescindere, to rescind; see rescind.]

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rescission [rɪˈsɪʒən]

n

1. the act of rescinding

2. (Law) Law the right to have a contract set aside if it has been entered into mistakenly, as a result of misrepresentation, undue influence, etc.

Thesaurus

Noun

1.

rescission - (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" recission cancellation - the act of cancelling; calling off some arrangement law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

Translations

rescission [rɪˈsɪʒən] N [of contract] → rescisión f; [of order] → anulación f (Jur) → abrogación f

rescission

n (esp Jur, of judgement, law, decision) → Aufhebung f, → Annullierung f; (of contract etc) → Rücktritt m → (of von); (of purchase) → Rückgängigmachung f