- rescission of an agreement
- аннулирование соглашения; расторжение соглашения
English-russian accounting dictionary. 2014.
English-russian accounting dictionary. 2014.
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
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
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 — 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
rescission — [rɪ sɪʒ(ə)n] noun formal the rescinding of a law, order, or agreement. Origin C17: from late L. rescissio(n ), from resciss , rescindere (see rescind) … English new terms dictionary
rescission — The annulment (by rescinding) of a contract either by agreement or by judicial order, which returns the parties to the relationship they had before the contract was made … Business law dictionary
mutual rescission — An agreement between the parties to cancel their contract, releasing the parties from further obligations under the contract. The object of the agreement is to restore the parties to positions they would have occupied had no contract ever been… … Black's law dictionary
mutual rescission — An agreement between the parties to cancel their contract, releasing the parties from further obligations under the contract. The object of the agreement is to restore the parties to positions they would have occupied had no contract ever been… … Black's law dictionary
meeting of the minds — meeting of the minds: assent to the mutually agreed upon and understood terms of an agreement by the parties to a contract that may be manifest by objective signs of intent (as conduct) the parties had not reached a meeting of the minds, and they … Law dictionary
Misrepresentation in English law — is an area of English contract law, which allows a person to escape a contractual obligation or claim compensation for losses. If one person can show that she entered an agreement because of another person s false assurances, then the other… … Wikipedia
Misrepresentation — This article is about a legal term. For the sociological one, see Misrepresentation (sociology). Misrepresentation is a contract law concept. It means a false statement of fact made by one party to another party, which has the effect of inducing… … Wikipedia