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  2. 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.

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

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

    You can only exercise this right for three business days after signing your mortgage contract. The right of rescission doesn't apply to residential mortgage transactions (i.e., purchase loans ...

  4. Anticipatory repudiation - Wikipedia

    en.wikipedia.org/wiki/Anticipatory_repudiation

    The Privy Council ruled in 1966 that a party who asserts "a genuinely held but erroneous view as to the effect of the contract" should not be treated as in repudiation, but in the case of Vaswani v Italian Motors, a car seller's conduct went beyond mere assertion of such an opinion, and in demanding more money for a sale than the agreed price ...

  5. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    Where appropriate, courts in most common and civil law jurisdictions may permit declaratory relief or rescission of contracts. To rescind is to set aside or unmake a contract. There are four different ways in which contracts can be set aside. A contract may be deemed 'void', 'voidable' or 'unenforceable', or declared "ineffective". Voidness ...

  6. Pre-existing duty rule - Wikipedia

    en.wikipedia.org/wiki/Pre-existing_duty_rule

    There are ways around the legal duty rule, such as mutual rescission of the existing contract with a clear indication of such rescission (literally tearing up the old contract). Also, in some states, parties may renegotiate contracts to include additional benefits if, for example, the party performs unexpected or additional duties, the parties ...

  7. 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 ...

  8. Rescission - Wikipedia

    en.wikipedia.org/wiki/Rescission

    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:

  9. Alleging racism, group led drive to rescind city manager’s ...

    www.aol.com/alleging-racism-group-led-drive...

    Platt’s contract was set to expire at the end of this year. The council voted 11-1 to renew it early and give Platt a raise after news broke that he was a finalist for the city manager’s job ...

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