recission

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Noun1.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"
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive
Panelo said the deal between the two countries should be based on "mutual respect, mutual fairness and respect for each other's sovereignty." "If serious studies show that there is something wrong, in law, there is such a thing as recission of contract.
"Plaintiff's motion to amend his complaint seeks to add NSL's parent company as a defendant and to allege new claims of equitable recission, civil conspiracy, conversion, and promissory estoppel.
He was not entitled to a recission of his license revocation.
Buyers can cancel a timeshare purchase if they do so within the "recission period," which varies by state and ranges from three to 15 days.
8 court cases later and even after recission of an illegal disciplinary procedure, the illegal contracts are still being asserted and the employees dubiously employed--not to mention the perpetrators of the fraud--still paid from the public purse
relief, a decree of specific performance, recission, the imposition of a
If that is not possible, he may then seek a reduction in the price, or recission of the contract.
2009) (holding that the Florida no-fault law did not abrogate an insurer's right of recission because it was not on a specifically enumerated list of types of insurance listed in Fla.
Casey said some states provide a 30-day right of recission to policy owners who reach a life settlement deal.
Carl James Stults, II: Plaintiff seeks declaratory relief, recission of disclaimer of interest in property at 2671 Forrester Way.
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