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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:
Rescission at common law (as distinct from rescission in equity) is a self-help remedy: historically, the common law courts simply gave effect to the rescinding party's unequivocal election to rescind the contract. Rescission at common law is only available for fraudulent misrepresentations and duress.
The Impoundment Control Act of 1974 provides that the president may propose rescission of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. In effect, the requirement removed the impoundment power, since Congress is not required to vote on the rescission and, in fact, has ...
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 ...
Nevada Assembly members attempted a structurally-flawed, one-house rescission in 1989 with their adoption of Assembly Resolution No. 20 ("FILE NUMBER 157") [POM-181, Volume 135 Congressional Record, page 14573] issuing the unusual instruction to the Nevada Assembly's Chief Clerk to "...draw a black border around the portion of the 1979 Assembly ...
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.
A rescission bill is a type of bill in the United States that rescinds funding that was previously included in an appropriations bill. Rescission bills proposed by the President of the United States are considered under an expedited process that cannot be filibustered in the Senate , allowing it to pass with 51 votes instead of 60.
W Swadling, ‘Rescission, Property and the Common law’ (2005) 121 LQR 123, suggests the reasoning on recovery of property should not merge the issues of validity of contract and transfer of title. [90] B Häcker, ‘Rescission of Contract and Revesting of Title: A Reply to Mr Swadling’ [2006] RLR 106, responds to Swadling's argument.