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Bookmark or Share- What is Rescission: Everything You Need to Know - UpCounselRescission 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) - WikipediaContract law. 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 DictionaryRescind – 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.
- What Is Rescission? Requirements, How It Works, and Example - InvestopediaCourts can free non-liable parties from their obligations in a contract. Rescission can occur when there is a material error in the contract, evidence of fraud, a lack of legal or mental capacity...
- rescission | Wex | US Law | LII / Legal Information InstituteRescission is available to a party when there has been a misrepresentation of a material fact, and the misrepresentation was made to be relied on, and has been relied on. The typical reasons for rescission include fraud, duress, unilateral or mutual mistake, and inadequacy of consideration.
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