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- DictionaryRe·scis·sion/rəˈsiZH(ə)n/
noun
- 1. the revocation, cancellation, or repeal of a law, order, or agreement: formal "the plaintiff agreed to the rescission of the agreement"
: 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.
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.
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,...
Rescission definition: the act of rescinding. . See examples of RESCISSION used in a sentence.
RESCISSION meaning: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
RESCISSION definition: 1. the act of officially ending a law, taking back a decision, or saying that an agreement no…. Learn more.
Rescission 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.
Rescission refers to the canceling of a contract or other legal agreement. The word rescission entered English in the17th century from the Latin word rescissio (n-), from resciss-, meaning “split again.” When a rescission takes place, you can think of it as two parties that are split up again — it’s as if they never had any ties together.
Termination of a contract through consensual understanding between involved parties. How to use "rescission" in a sentence. The couple decided on the rescission of their lease agreement when they found a better apartment.
Definition of rescission noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
