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Rescind - Definition, Examples, Cases, and Processes - Legal Dictionary
The term “rescind” is used to describe the act of canceling a contract that had been previously agreed to. In contract law, this is referred to more fully as “ rescission.” The purpose of a rescission is to start over with a clean slate, to allow the parties to return to the status quo that existed before the agreement was made.
Rescission Definition & Meaning - Merriam-Webster
: an act of rescinding. Synonyms. abandonment. abortion. calling off. cancellation. cancelation. dropping. recall. recision. repeal. revocation. See all Synonyms & Antonyms in Thesaurus. Examples of rescission in a Sentence.
What is Rescission: Everything You Need to Know - UpCounsel
Rescission is an equitable remedy that voids or annuls the terms of a contract. It is granted to a litigant in cases of innocent misrepresentation, fraud, or any other action on behalf of a defendant that calls into question the legality of the bargain or which constitute unconscionable and undue influence. There are two kinds of rescission ...
Rescission (contract law) - Wikipedia
In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.
Rescission - Definition, Examples, Cases, Processes - Legal Dictionary
Rescind – To revoke or cancel. Unilaterally – Doing something without the agreement or permission of the other party involved. Rescission defined and explained with examples. The undoing or termination of a contract entered into as a result of misrepresentation or fraud.
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