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). ==In court== Rescission is an equitable remedy and is dis
Found on http://en.wikipedia.org/wiki/Rescission
Where someone has entered into a contract as a result of a misrepresentation (see â€˜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 are a number of bars to rescission (e.g. undue d
Found on http://www.elc.org.uk/pages/lawlegalglossary.htm
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-for-you/your-workplace/employment-
Is the cancellation of a contract by law or the consent of the parties involved.
Found on http://www.encyclo.co.uk/local/20965
[ 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
• (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/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/definitions/rescission.htm
n. the cancellation of a contract by mutual agreement of the parties.
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Cancellation of a contract.
Found on http://jec.unm.edu/manuals-resources/glossary-of-legal-terms
The legal remedy of canceling, terminating or annulling a contract and restoring the parties to thei
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is a controversial insurance industry practice that has come under fire as an unfair tactic used to
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A grace period allowed by law and/or company policy during which time a timeshare buyer has the righ
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