Webrescission n. the cancellation of a contract by mutual agreement of the parties. (See: rescind) Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved. rescission revocation of a contract. WebMar 19, 2024 · Rescission noun. (legal) The undoing of a contract; repeal. Rescission noun. The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment. 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 ...
How to pronounce rescission HowToPronounce.com
WebOfficial interpretation of Paragraph 23 (a) (1) Show. (2) To exercise the right to rescind, the consumer shall notify the creditor of the rescission by mail, telegram or other means of written communication. Notice is considered given when mailed, when filed for telegraphic transmission or, if sent by other means, when delivered to the creditor ... Webrescission. noun. /rɪˈsɪʒn/. /rɪˈsɪʒn/. (formal) the act of cancelling or ending a law, an order, or an agreement Topics Discussion and agreement c2. Word Origin. tsgh
RESCISSION definition in the Cambridge English Dictionary
WebScore: 4.6/5 (25 votes) . If a loan includes a rescission option, the borrower is given three (3) business days to cancel, beginning with the next business day following either the signing date, the date the borrower receives the Truth in Lending Disclosure, or the date the borrower receives the Notice of Right to Cancel — whichever occurs last ... WebFeb 14, 2015 · Definition of Rescission Noun The undoing or termination of a contract that may have been entered into as a result of misrepresentation, fraud, or undue influence. Origin 1605-1615 Late Latin rescissiōn Use and Effect of Contract Rescission Webrescission noun [ C or U ] LAW formal uk / rɪˈsɪʃ ə n / us / rɪˈsɪʒən / the act of officially ending a law, taking back a decision, or saying that an agreement no longer exists: All investors … philomath oregon newspaper