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Furthermore, because rescission is supposed to be imposed mutually upon both sides to a contract, the party seeking rescission normally must offer to give back all benefits he or she has received under the contract (an "offer of tender"). The US state of Virginia uses the term "cancellation" for equitable rescission. Furthermore, a minority of ...
Rescission is the noun form of the verb "to rescind." It may refer to: Rescission (contract law) Rescission bill, a procedure to rescind previously appropriated funding in the United States; A synonym for repeal in parliamentary procedure; Several bills which have used the term in their names:
Laches is a legal term derived from the Old French laschesse, meaning "remissness" or "dilatoriness", and is viewed as the opposite of "vigilance". [1] [2] [3] The United States Supreme Court case Costello v. United States 365 US 265, 282 (1961) is often cited for a definition of laches. [4]
The right of rescission is a legal protection under the Truth in Lending Act (TILA) that allows you to cancel certain home financing agreements without any financial penalties.
Quantum meruit is a Latin phrase meaning "what one has earned". In the context of contract law, it means something along the lines of "reasonable value of services".. In the United States, the elements of quantum meruit are determined by state common law.
The Rescission Act of 1946 (Pub. L. 79–301, H.R. 5158, 60 Stat. 6, enacted February 18, 1946, codified at 38 U.S.C. § 107) is a law of the United States reducing (rescinding) the amounts of certain funds already designated for specific government programs, much of it for the U.S. military, after World War II concluded and as American military and public works spending diminished.
Pronunciation is the way in which a word or a language is spoken. This may refer to generally agreed-upon sequences of sounds used in speaking a given word or language in a specific dialect ("correct" or "standard" pronunciation) or simply the way a particular individual speaks a word or language. [1] (Pronunciation ⓘ)
However, these terms are also used to refer more narrowly to cases where two words are run together by the omission of a final sound. [1] An example is the elision of word-final /t/ in English if it is preceded and followed by a consonant: "first light" is often pronounced "firs' light" ( /fɜrs laɪt/ ). [ 2 ]