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LSDefine

Simple English definitions for legal terms

Rescission

Read a random definition: political corruption

A quick definition of Rescission:

Rescission: When you cancel a contract, it's called rescission. This can happen if one party breaks the contract or if both parties agree to end it. Sometimes, a court might cancel a contract if it goes against the law or what's best for everyone.

A more thorough explanation:

Definition: Rescission means to cancel a contract. This can happen in different ways:

  • Unilateral rescission: when one party cancels the contract because the other party broke an important part of the agreement.
  • Mutual rescission: when both parties agree to cancel the contract and no one has to do anything else.
  • Court-ordered rescission: when a court decides that a contract is not valid because it goes against the law or public policy.

For example, if you hire a contractor to build a house and they don't finish the work on time or do a bad job, you might be able to cancel the contract and get your money back. This is unilateral rescission. If you and the contractor both agree that they won't finish the work and you won't pay them any more money, that's mutual rescission. And if a court decides that a contract is illegal, like if you sign a contract to sell drugs, the court can order rescission and the contract will be cancelled.

Rescind | rescue doctrine

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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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