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 [rĭ-sĭzh́ən]
Dictionary.com · The American Heritage® Dictionary
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Rescission - Wikipedia, the free encyclopedia
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But documents obtained by the House Committee on Energy and Commerce and released today show that the company's employee performance evaluation program did include a review of rescission activity.
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The Legal Term * Rescission Of A Contract * Defined & Explained ... RESCISSION OF A CONTRACT - The destruction or annulling of a contract. The right to rescind a contract seems to suppose not that the contract has existed only in appearance; but that it has never had a real existence on account of the defects which...
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Definition of rescission from the Merriam-Webster Online Dictionary with audio pronunciations, thesaurus, Word of the Day, and word games. ... Etymology: Late Latin rescission-, rescissio, from Latin rescindere...
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1. Rescission is an equitable remedy. The court may order rescission of a contract where it would, on account of mistake, misrepresentation or otherwise, be unreasonable to uphold it. 2. Rectification is an equitable remedy.
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The Right of Rescission is a protection given to borrowers under the Truth in Lending Act. This right gives borrowers of certain types of loans the opportunity to cancel their loan within 3 business days of signing the loan documents and qualify to receive a full refund of any monies paid.
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Definition of Rescission of contract in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Rescission of contract? Meaning of Rescission of contract as a legal term. What does Rescission of contract mean in law? ... Mutual rescission, or rescission by agreement, is a discharge of both...
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Rescission may be on mutual consent, by an act of law, or by either party for reasonable cause such as a material misrepresentation. ... However, the right of rescission may not be exercised where (1) it is not possible to restore both parties to their original (pre-contract) positions, and/or (2) such step would upset...
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