The cancellation or annulment of a transaction or contract by mutual consent or by law.
Related information about rescission:
- Rescission - Wikipedia, the free encyclopedia
In contract law, rescission has been defined as the unmaking of a contract between parties. Rescission is the unwinding of a transaction. This is done to bring ...
- Rescission - Legal Dictionary - The Free Dictionary
The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been ...
- rescission - definition of rescission by the Free Online Dictionary ...
[Latin rescissi , rescissi n-, from rescissus, past participle of rescindere, to rescind; see rescind.] rescission [rɪˈsɪʒən]. n. 1. the act of rescinding. 2. (Law) Law ...
- Rescission - Merriam-Webster Online
<the judge ruled that the town's rescission of the contract was justified due the contractor's repeated failures to meet its obligations> ...
- Rescission Definition | Investopedia
The right of an individual involved in a contract to return to a state identical to that before they entered into the agreement, due to courts not recognizing the ...
- Right Of Rescission Definition | Investopedia
A right under federal law set forth by the Truth in Lending Act that gives a borrower the right to cancel a home equity loan or line of credit with a new lender, or to ...
- Rescission | Define Rescission at Dictionary.com
Origin: 1605–15; < Late Latin rescissiōn- (stem of rescissiō) a making void, rescinding, equivalent to resciss(us) (past participle of rescindere to rescind, ...
- Rescission - Glossary | HealthCare.gov
Rescission: The retroactive cancellation of a health insurance policy. Insurance companies will sometimes retroactively cancel your entire policy if you made a ...