Lexic.us

Definition of Rescission

1. Noun. (law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made. "Recission may be brought about by decree or by mutual consent"

Definition of Rescission

1. n. The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.

Definition of Rescission

1. Noun. An act of removing, taking away, or taking back. ¹

2. Noun. (legal) The undoing of a contract; repeal. ¹

¹ Source: wiktionary.com

Definition of Rescission

1. scission [n -S] - See also: scission

Lexicographical Neighbors of Rescission

Literary usage of Rescission

Below you will find example usage of this term as found in modern and/or classical literature:

1. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1912)
"VENDOR AND PURCHASER (S 93*) — rescission OF CONTRACT—rescission BY VENDOR. If the vendee under a bond for title defaults in hie payments, the vendor has ..."

2. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1920)
"1472 rescission in the Civil law as a remedy for breach of warranty. lt is interesting to observe in the Civil law the same tendency that is to be found in ..."

3. A Treatise on the Law of Fraud on Its Civil Side by Melville Madison Bigelow (1888)
"rescission. of the contract.1 It is not the same thing as cancellation even when a ... How rescission is EFFECTED. There are three classes of cases in which ..."

4. Principles of Contract at Law and in Equity: A Treatise on the General by Frederick Pollock, Gustavus Henry Wald, Samuel Williston (1906)
"General rules as to rescission for Rights of party misled: option misrepresentation or fraud, to rescind, 705 The representation relied on must Election how ..."

5. A Treatise on the Law of Personal Property by James Schouler (1896)
"Avoidance of Sale by Mutual rescission; Mutual Resale.— IV. Avoidance by mutual rescission. This method of terminating a sale is always open to the sale ..."

6. The Civil Code of the State of California by California, Creed Haymond, John Chilton Burch (1872)
"NOTE.—See Title IV of Part I of this Division. CHAPTER II. rescission. SECTION 1688. rescission extinguishes contract. 1689. When party may rescind. ..."

7. A Treatise Upon Some of the General Principles of the Law: Whether of a by William Wait (1878)
"rescission may take place by mutual consent, and this consent may be ... The rescission of a contract may be effected, not only by words or a direct notice, ..."

8. Briefs on the Law of Insurance by Roger William Cooley, Lawrence Vold (1905)
"Cancellation and rescission of contract of property insurance by the ... Cancellation and rescission of life and accident policies and actions therefor. ..."

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