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  2. Right of rescission: Canceling a HELOC, home equity loan or ...

    www.aol.com/finance/rescission-canceling-heloc...

    The right of rescission doesn't apply to residential mortgage transactions (i.e., purchase loans). ... You could also write a letter. In either case, you must deliver or mail it by midnight on the ...

  3. Rescission (contract law) - Wikipedia

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

    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.

  4. Jesinoski v. Countrywide Home Loans, Inc. - Wikipedia

    en.wikipedia.org/wiki/Jesinoski_v._Countrywide...

    Jesinoski v. Countrywide Home Loans, Inc., 574 U.S. 259 (2015), was a United States Supreme Court case in which the Court held that the Truth in Lending Act does not require borrowers to file a lawsuit to rescind loans and that sending written notice is sufficient to effectuate rescission. [1]

  5. Breach of contract - Wikipedia

    en.wikipedia.org/wiki/Breach_of_contract

    A right to terminate a contract arises for: breach of a condition of the contract, no matter how trivial the breach of the condition may be; repudiatory breach, that is an actual breach of an innominate term, where the consequence of the breach is sufficiently serious to give rise to a right to terminate; or

  6. Misrepresentation - Wikipedia

    en.wikipedia.org/wiki/Misrepresentation

    In cases of fraudulent misrepresentation, the time limit runs until when the misrepresentation ought to have been discovered, whereas in innocent misrepresentation, the right to rescission may lapse even before the represent can reasonably be expected to know about it. [82] Sometimes, third party rights may intervene and render rescission ...

  7. Revocation - Wikipedia

    en.wikipedia.org/wiki/Revocation

    In the law of contracts, revocation is a type of remedy for buyers when the buyer accepts a nonconforming good from the seller. [1] Upon receiving the nonconforming good, the buyer may choose to accept it despite the nonconformity, reject it (although this may not be allowed under the perfect tender rule and whether the Seller still has time to cure), or revoke their acceptance.

  8. Undue influence in English law - Wikipedia

    en.wikipedia.org/wiki/Undue_influence_in_English_law

    However, the right to rescind may be lost in four ways: [29] Affirmation. The right of a victim to rescind may be lost by affirmation of the transaction, acquiescence or estoppel. [31] Impossibility of restoring the parties. Normally a party will not be allowed to rescind a contract unless the parties can all be restored to their prior positions.

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