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LSDefine

Simple English definitions for legal terms

recission

Read a random definition: houseage

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 When a contract is rescinded, both parties go back to how things were before they made the contract.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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Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
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