recission

Thân thiện

The lawyer filed a motion for recission of the contract.

Definition

Noun: 1. The act of rescinding or annulling; the cancellation of a contract, making it void from the beginning, as if it had never existed. This is a legal term referring to the formal termination of an agreement, with the goal of restoring the parties to their original positions before the contract was made.

Usage

• Recission is used in formal, legal contexts to describe the unwinding of a contract due to a defect (like fraud, mistake, or misrepresentation) or by mutual agreement.
• It is often followed by the preposition "of" (e.g., recission of the contract).

Examples

• The court ordered the recission of the property sale due to the seller's fraudulent misrepresentation.
• The recission of the merger agreement was announced jointly by both companies.
• A party seeking recission must typically act promptly upon discovering the grounds for it.

Advanced Usage

• Grounds for recission: Common legal grounds that justify the cancellation of a contract include fraud, duress, undue influence, mutual mistake, or a fundamental breach.
• Right of recission: A legal entitlement, sometimes granted by statute (such as in consumer protection laws), allowing a party to cancel a contract within a specified "cooling-off" period.

Variants and Related Words

• Rescind (verb): To cancel, annul, or revoke a contract, law, or order. (e.g., )
• Rescission (noun): This is the more common and standard spelling of the same legal concept. "Recission" is a recognized but less frequent variant.

Synonyms

• Cancellation
• Annulment
• Revocation
• Termination
• Voiding

Antonyms

• Ratification
• Validation
• Enforcement
• Upholding

Notes

• Spelling Note: The word is most commonly spelled rescission. "Recission" is an accepted variant, but "rescission" is the predominant form in legal and formal writing.

Học thuật

Noun

1. (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

Từ đồng nghĩa

• rescission