Definition of rescission in English:
The revocation, cancellation, or repeal of a law, order, or agreement.
- The defendants claim rescission of the Charge Agreement or damages.
- ‘As has been seen, that has been the decision where rescission is ordered of a sale by a trustee to himself’.
- Non-compliance with the disclosure requirement under the Act exposes franchisors to significant consequences, including rescission of franchise agreements.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.