Look up: Rescission

1. Rescission
   Where someone has entered into a contract as a result of a misrepresentation (see ‘misrepresentation'), he may rescind (i.e. end) the contract. This has the effect of restoring both parties to their original (pre-contract) positions. (The aim is not to compensate the innocent party.) There...
   Found on http://www.elc.org.uk/pages/lawlegalglos
   
   
2. Rescission
   The cancellation of a contract putting the parties back into the position they would have been in had the contract never been made.
   Found on http://www.tssa.org.uk/en/what-we-can-do
   
   
3. Rescission
   Is the cancellation of a contract by law or the consent of the parties involved.
   Found on http://www.encyclo.co.uk/local/20965
   
   
4. Rescission
   Re·scis'sion noun [ Latin rescissio : confer French rescission . See Rescind .] The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.
   Found on http://www.encyclo.co.uk/webster/R/58
   
   
5. Rescission
   • (n.) The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.
   Found on http://thinkexist.com/dictionary/meaning
   
   
6. Rescission
   (n) Rescission is the mutual agreement between the partied to an agreement or contract, deciding to nullify, cancel or otherwise terminate the agreement entered among them and restore the position prior to that agreement
   Found on http://www.legal-explanations.com/defini
   
   
7. rescission
   n. the cancellation of a contract by mutual agreement of the parties.
   Found on http://dictionary.law.com/Default.xhtml?
   
   
8. Rescission
   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 the parties, as far as possible, back to the position in which they were before they entered into a contract (the status quo ante)....
   Found on http://en.wikipedia.org/wiki/Rescission