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First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.
Law firm Davis Polk announced in an email that it had rescinded letters of employment for three law students at Harvard University and Columbia University.
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Resignation is the formal act of relinquishing or vacating one's office or position. A resignation can occur when a person holding a position gained by election or appointment steps down, but leaving a position upon the expiration of a term, or choosing not to seek an additional term, is not considered resignation.
The right of rescission gives you the legal grounds to rescind (hence the name) your portion of certain home financing agreements. In other words, a rescission, in mortgage speak, is your chance ...
The term "reservation of rights" (particularly a "reservation of rights letter”) is often used in connection with insurance claims. The insurance company issues a reservation of rights letter stating that it may deny coverage for some or all of the claim even while the company is investigating the claim or beginning to treat the claim as if ...
After receiving a job offer in October 2015, the offer was revoked the following month because he has HIV, prosecutors said. Federal investigators say that a Clarksville, Ind. man volunteered as a ...
The Contract with America was a legislative agenda advocated by the Republican Party during the 1994 congressional election campaign. Written by Newt Gingrich and Dick Armey, and in part using text from former president Ronald Reagan's 1985 State of the Union Address, the contract detailed the actions the Republicans promised to take if they became the majority party in the United States House ...
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