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Acronyms that contain the term rescinded
What does rescinded mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: rescinded.
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What does rescinded mean?
- rescinded
- In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract (the status quo ante).
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"rescinded." Abbreviations.com. STANDS4 LLC, 2024. Web. 3 Jun 2024. <https://www.abbreviations.com/rescinded>.
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