The act of canceling or annulling the effect of a document.
An item in an appropriation bill canceling funds previously appropriated but not spent. Also, the repeal of a previous appropriation by the President to cut spending, if approved by Congress under procedures in the Budget and Impoundment Control Act of 1974.
(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
The cancellation of a contract by putting all parties back to the position before they entered the contract. In some mortgage financing situations involving equity in the home as security, the law gives the homeowner three days to cancel a contract.
The cancellation of a mortgage or other contract by law or the mutual consent of those involved.
Right to treat a contract as if it never existed; rescind contract rights; generally appropriate in cases of fraud and misrepresentation.
The cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases once it is signed if the transaction uses equity in the home as security.
In contract law, the remedy of abrogating, annulling, or terminating a contract and restoring the parties, as nearly as possible, to the positions they were in before entering the contract.
The cancellation of a contract by law or consent by the parties involved.
An option in the discharge of a contract. If both parites agree, they may rescind a contract in a process called recission.
cancellation, as with a contract
remedy sought to bring the contract to an end, allowing the innocent party to perform no further, recover any part performance and seek damages. It can only be granted where restitution of the parties pre-contractual state (restitutio in integrum) can be made
The cancellation or annulment of a transaction or contract by the operation of a law or by mutual consent. Borrowers usually have the option to cancel a refinance transaction within three business days after it has closed.
