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LSDefine

Simple English definitions for legal terms

recission

Read a random definition: distrahere

A quick definition of recission:

Rescission is when one party cancels a contract for a good reason, like if the other party broke the rules. This can happen if both parties agree to cancel the contract or if a court orders it. When a contract is rescinded, both parties go back to how things were before they made the contract. This is called restitution. Sometimes, rescission is called avoidance.

A more thorough explanation:

Definition: Recission is the act of canceling or voiding a contract by one party due to a legally sufficient reason, such as the other party's material breach or a court judgment. It is a remedy or defense available to a nondefaulting party, and it involves restoring the parties to their precontractual positions by restitution of any partial performance.

Examples:

  • If a homeowner hires a contractor to build a new deck but the contractor fails to complete the work as agreed, the homeowner may seek recission of the contract and restitution of any payments made.
  • If a car buyer discovers that the car they purchased has a serious defect that the seller failed to disclose, they may seek recission of the contract and restitution of the purchase price.

These examples illustrate how recission can be used as a remedy for a nondefaulting party when the other party breaches the contract or engages in fraudulent behavior. By seeking recission, the nondefaulting party can cancel the contract and recover any payments made, thus restoring them to their precontractual position.

recision | recital

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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