rescind - Meaning in Punjabi

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rescind - Meaning in Punjabi

Sorry, exact match is not available in the bilingual dictionary.

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Definitions and Meaning of rescind in English

rescind verb

1. cancel officially

   Synonyms

   annul, countermand, lift, overturn, repeal, repeal, reverse, revoke, vacate

   Examples

   • "He revoked the ban on smoking"
   • "lift an embargo"
   • "vacate a death sentence"

Description

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. Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract.

Also see "Rescission (contract law)" on Wikipedia

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