rescissionrɪˈsɪʒ ən
rescission (v)
English Definitions:
recission, rescission (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"
rescission (Noun)
An act of removing, taking away, or taking back.
rescission (Noun)
The undoing of a contract; repeal.
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.
rescission
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"rescission." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/rescission>.
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