rescission
pronunciation
How to pronounce rescission in British English:
UK [rɪˈsɪʒn]
How to pronounce rescission in American English:
US [rɪˈsɪʒən]
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- 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
Word Origin
- rescission (n.)
- 1610s, "action of cutting off;" 1650s, "action of annulling," from Late Latin rescissionem (nominative rescisio) "annulment," noun of action from past participle stem of rescindere "to cut off; abolish" (see rescind).
Example
- 1. Rescission is an important basic system of contract law .
- 2. The rescission shall be made by a notice .
- 3. You cannot create a rescission in display mode .
- 4. Date customer was instructed about rescission rights .
- 5. As the indispensable composition of the modern system of contract , the system of contract rescission is very important to judicial and theory practice .