rescission

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re·scis·sion

 (rĭ-sĭzh′ən)
n.
1. The act of rescinding.
2. Law The termination of a contract by mutual agreement or as a result of fraud or some legal defect.

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

re·scis′so·ry (-sĭz′ə-rē, -sĭs′-) adj.

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

re•scis•sion

(rɪˈsɪʒ ən)

n.
the act of rescinding.
[1605–15; < Latin rescissiō, derivative (with -tiō -tion) of rescindere to rescind]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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"
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"

rescission

noun
The act of reversing or annulling:
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
References in periodicals archive ?
The proposal, which has so far attracted more than 800 letters of objection, does not meet planning local planning policy because there is "inadequate consideration" of whether there are alternative sites, it adds.
Both sets of claims are based on Lunda's allegation that Veritas and related entities structured a purchase of all of the assets of PDM Bridge, LLC, in exchange for inadequate consideration, and that this prevented Lunda from satisfying a judgment that Lunda had secured against PDM.
The court ruled that the commission had given inadequate consideration to the baker's religious objections, and indeed showed hostility to his religion.
"In both cases the Government appears to have seen its task as simply to contract out the service, with wholly inadequate consideration given to passengers' best interests and behaviour.
The pivotal role of a single trial in parameterizing the model, the shortness of the time horizon, and the inadequate consideration of uncertainty in the evidence base are all highly problematic.
This inadequate consideration of Pauline spirit and power may not limit the study's contribution to a naturalistic view of gift exchanges, but it truncates the redescription of Pauline religion and gives us a cut-flower Paul.
The complaint alleges that 'Suffolk officials breached their fiduciary duties by agreeing to the Proposed Transaction for grossly inadequate consideration; avoiding competitive bidding; failing to maximise the value of Suffolk to its public stockholders; and improperly putting their personal interests ahead of Suffolk's public stockholders,' the law firm said.
Orthodontic patients have been reported to have high rates of dental anomalies.9,10 Inadequate consideration of these dental anomalies can complicate orthodontic treatment; therefore, their presence should be thoroughly investigated during orthodontic diagnosis and carefully considered during treatment planning.
Lastly, he accused them of allegedly releasing the company's interest in Intercontinental Insurance Managers, Inc., "for wholly inadequate consideration."
The investment firm believes that Outdoor Channela[euro](tm)s board had run an inefficient process and accepted an inadequate consideration, thus signing a deal that is not in the best interest of outside shareholders.
The investment firm believes that Outdoor Channel's board had run an inefficient process and accepted an inadequate consideration, thus signing a deal that is not in the best interest of outside shareholders.