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  2. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.

  3. Annuity free look period minimum requirements by state - AOL

    www.aol.com/finance/annuity-free-look-period...

    The free look period is your last chance to evaluate an annuity and cancel the contract before the terms become legally binding. After the period ends, canceling or withdrawing can result in hefty ...

  4. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    And legally speaking, it can be very difficult to do so once a real estate contract has been signed. The language of real estate contracts is typically written to protect buyers.

  5. What can a seller do if a homebuyer backs out of the contract?

    www.aol.com/finance/seller-homebuyer-backs...

    A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common reasons for buyers to back out include issues revealed during a home ...

  6. Breach of contract - Wikipedia

    en.wikipedia.org/wiki/Breach_of_contract

    Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. Breach occurs when a party to a contract fails to fulfill its obligation(s), whether ...

  7. Revocation - Wikipedia

    en.wikipedia.org/wiki/Revocation

    Revocation of legal rights, privileges, or license can occur either administratively or through criminal courts. A common example is the revocation of a driver's license for egregious or repeated violations of traffic laws , which can be done by a criminal court, or an administrative traffic court, depending on jurisdiction. [ 4 ]

  8. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .

  9. Mistake (contract law) - Wikipedia

    en.wikipedia.org/wiki/Mistake_(contract_law)

    It can be argued as a defense, and if raised successfully, can lead to the agreement in question being found void ab initio or voidable, or alternatively, an equitable remedy may be provided by the courts. Common law has identified three different types of mistake in contract: the 'unilateral mistake', the 'mutual mistake', and the 'common ...

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