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rescission of contract

См. также в других словарях:

  • rescission of contract — To abrogate, annul, avoid, or cancel a contract; particularly, nullifying a contract by the act of a party. The right of rescission is the right to cancel (rescind) a contract upon the occurrence of certain kinds of default by the other… …   Black's law dictionary

  • rescission — re·scis·sion /ri si zhən/ n: the act, process, or fact of rescinding esp. a contract; specif: the equitable judicial remedy of rescinding a contract in a suit brought by one of the parties compare reformation re·scis·so·ry /ri si zə rē, si sə /… …   Law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • Rescission — Overturning redirects here. For other uses, see Turning over (disambiguation). Contract law …   Wikipedia

  • rescission — Cancellation of a contract without penalty. Regulation Z provides circumstances under which a borrower may cancel loan transactions involving nonpurchase money liens on the borrower s principal place of residence. The regulation permits such… …   Financial and business terms

  • Contract — law …   Wikipedia

  • rescission — The right of a party to a contract to have it set aside and to be restored to the position he was in before the contract was made. This is an equitable remedy, available at the discretion of the court. The usual grounds for rescission are mistake …   Big dictionary of business and management

  • rescission — The termination of a contract through its abrogation or annulment by word or act of the parties or by a judgment or decree of the court. The termination of a contract by mutual consent of the parties or pursuant to a condition contained in the… …   Ballentine's law dictionary

  • Rescission — The right of an individual involved in a contract to return to a state identical to that before they entered into the agreement, due to courts not recognizing the contract as legally binding. In many cases, rescission may be an option if there is …   Investment dictionary

  • Contract Law of Saudi Arabia —    Contract Law of Saudi Arabia Legal System Hanbali School of Sharia Law, Sunni …   Wikipedia

  • Contract of sale — Contract law Part …   Wikipedia

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