"Rescission" Pronounce,Meaning And Examples

"Rescission" Meaning

Cancelling or retracting a contract, agreement, or decision. The act of officially canceling or declaring null and void.

"Rescission" Examples

Examples of Using "Rescission"

1. Financial Context

A notice of rescission was sent by the bank to the customer regarding their credit card agreement, which demanded repayment within a week.

2. Legal Procurement

> In a landmark court case, the judge ruled in favor of rescission, voiding the merger agreement between the two companies.

3. Medical Context

A doctor performed rescission surgery on the patient, removing the cancerous tissue that had spread through the patient's colon.

4. Canceling an Order

Due to unforeseen causes, the airline had to request rescission of the passenger manifest, which renders passengers unable to travel.

5. Specific Formal Reversal

The students realized their exam score wasn't accurately tabulated, and they initiated the formal procedure for rescission, requesting that their scores be recalculated.