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- Dictionaryrescission/rɪˈsɪʒn/
noun
- 1. the revocation, cancellation, or repeal of a law, order, or agreement: formal "the plaintiff agreed to the rescission of the agreement"
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Feb 14, 2015 · Rescission defined and explained with examples. The undoing or termination of a contract entered into as a result of misrepresentation or fraud.
e. 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.
Apr 17, 2024 · Rescission is when a contract is rendered null, void, and no longer legally binding. The courts can free non-liable parties from their agreed obligations and, when possible,...
: 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.
RESCISSION definition: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
RESCISSION meaning: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
noun. the act of rescinding. law the right to have a contract set aside if it has been entered into mistakenly, as a result of misrepresentation, undue influence, etc.
If you’ve really had it with your business partner, you may make a motion for rescission to dissolve your legal ties. Rescission refers to the canceling of a contract or other legal agreement.
noun. ( Insurance: General) Rescission is the termination of an insurance contract by the insurer because facts have been concealed or misrepresented by the proposer. An insurer usually seeks a rescission of an insurance policy when there has been a material misrepresentation in the insurance application.
Definition of rescission noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.