rescission


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Related to rescission: Equitable remedy

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 ?
Release date- 24082019 - VANCOUVER - MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) ('MYM' or the 'Company') announces it has executed a rescission agreement with BioHemp Naturals Growing & Farming Ltd.
The official said that Congress during the Trump administration has funded State and USAID at about $12 billion above the president's budget requests, and the rescission package would return some of that excess back to the budget.
Summary: TEHRAN (FNA)- The administration of US President Donald Trump may slash $4.3 billion in foreign aid spending, including severe cuts to the UN and the United States Agency for International Development (USAID) budget, through the process known as rescission, the Politico media outlet reported on Friday, citing an administration official.
Moving the motion for a rescission, the Minister Parliamentary Affairs, Kyei-Mensah-Bonsu, told the House that there were couple of issues that got mixed up.
In this announcement, the agency offers guidance to institutions on what the rescission means and what they can do should they choose early implementation.
Other grounds for rescission include the attempt on the life of the child, sexual assault or violence, abandonment or failure to comply with parental obligations, or other acts detrimental to the psychological and emotional development of the adoptee.
Where the Virginia Housing Development Authority bought plaintiff's home at a foreclosure sale, he has stated a rescission claim by alleging the VHDA knew or should have known of an alleged deed of trust violation when it bought the home.
Focus: Court Error - Rescission of Purchase Contract
In this action by a provider to recover assigned first-party no-fault benefits, defendant moved for summary judgment dismissing the complaint on the ground that the automobile insurance policy in question had been issued in Florida, and that Florida law applied, pursuant to which there was a lack of coverage due to the valid rescission of the automobile insurance policy.
The upgrade on the notes is driven by the amendment to the transaction structure implemented through the sixth rescission waiver and amendment agreement executed on March 14, 2018.
The Supreme Court held that, because the reading of the implied consent advisory did not prejudice respondent, a rescission of respondent's driver's license revocation was not required under McDonnell v.