rescission

Noun
  1. (law) the act of rescinding;
    The cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made (synset 100233730)
    "recission may be brought about by decree or by mutual consent"
    referred to in: jurisprudence, law - the collection of rules imposed by authority
    is a type of: cancellation - the act of cancelling; calling off some arrangement
    same as: recission

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