cancellation


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cancellation

(See: cancel)

cancellation

noun abandoning, abandonment, abolishing, abolishment, abolition, abrogation, abscission, annulling, annulment, cassation, circumduction, counterorder, deletion, discontinuance, dismissal, dissolution, dissolving, disuse, elimination, eradication, erasure, excision, expunction, extinction, invalidating, liquidation, moratorium, negation, nonuse, nullification, nullifying, overruling, rasure, recall, recalling, relinquishment, renunciation, repeal, repudiation, rescinding, rescindment, rescission, retracting, retraction, reversal, reversing, revocation, revokement, supersession, surrender, suspension, termination, vacation, vacatur, voidance, voiding, waiver, withdrawal, withdrawing
Associated concepts: abatement, cancellation of a contract, cancellation of a lease, cancellation of a mortgage, cancellaaion of a will, cancellation of an insurance policy, cancellation of bills, cancellation of certificate of registration, cancellation of instruments, cancellation of judgment, cancellation of notes, judicial cancellation
See also: abandonment, abatement, abolition, ademption, annulment, censorship, condonation, countermand, defeasance, desuetude, discharge, discontinuance, dismissal, dissolution, invalidity, mistrial, negation, nollo prosequi, obviation, remission, renunciation, repudiation, rescision, retraction, reversal, revocation, termination

cancellation

1 at common law, an attempt to terminate a contract that can succeed only on terms agreed. A cancellation that is not agreed would result in an award of damages for breach of contract. See also ANTICIPATORY BREACH OF CONTRACT. Under the law of consumer credit, a consumer credit agreement is cancellable if oral representations are made by the negotiator in the presence of the debtor or hirer and the agreement was not signed by the debtor on trade premises. Non-commercial agreements and certain small debtor-creditor supplier agreements are excluded. The protection allowed is for a five-day cooling-off period. Overlapping protection is given by the Consumer Protection (Cancellation of Contracts Concluded away from Business Premises) Regulations 1987. These apply to unsolicited visitors or a solicited visit where different goods are sold. They do not apply to land transactions, sale of food and drink for consumption, or insurance and investment contracts. The regulations offer a seven-day COOLING-OFF period. Other cooling-off periods exist, most notably in the electronic age, in relation to DISTANCE SELLING.
2 where a BILL OF EXCHANGE is intentionally cancelled and the cancellation is apparent thereon, the bill is discharged, as is any party liable on it. Intentional cancellation may be manifested by the cancellation of the signature. A cancellation made unintentionally or under a mistake or without the authority of the holder is inoperative.

CANCELLATION. Its general acceptation, is the act of crossing a writing; it is used sometimes to signify the manual operation of tearing or destroying the instrument itself. Hyde v. Hyde, 1 Eq. Cas. Abr. 409; Rob. on Wills, 367, n.
     2. Cancelling a will, animo revocandi, is a revocation of it, and it is unnecessary to show a complete destruction or obliteration. 2 B. & B. 650; 3 B. & A. 489; 2 Bl. R. 1043; 2 Nott & M'Cord, 272; Whart. Dig. Wills, c.; 4 Mass. 462. When a duplicate has been cancelled, animo revocandi, it is the cancellation of both parts. 2 Lee, Ecc. R. 532.
     3. But the mere act of cancelling a will is nothing, unless it be done animo revocandi, and evidence is admissible to show, quo animo, the testator cancelled it., 7 Johns. 394 2 Dall. 266; S. C. 2 Yeates, 170; 4 Serg. & Rawle, 297; cited 2 Dall. 267, n.; 3 Hen. & Munf. 502; Rob. on Wills, 365; Lovel, 178; Toll. on Ex'rs, Index, h.t.; 3 Stark. Ev. 1714; 1 Adams' Rep. 529 Mass. 307; 5 Conn. 262; 4 Wend. 474; 4 Wend. 585; 1 Harr. & M'H. 162; 4 Conn. 550; 8 Verm. 373; 1 N. H. Rep. 1; 4 N. H. Rep. 191; 2 Eccl. Rep. 23.
     4. As to the effect of cancelling a deed, which has not been recorded, see 1 Adams' Rep. 1; Palm. 403; Latch. 226; Gilb. Law, Ev. 109, 110; 2 H. Bl. 263: 2 Johns. 87 1 Greenl. R. 78; 10 Mass. 403; 9 Pick. 105; 4 N. H. Rep. 191; Greenl. Ev. Sec. 265; 5 Conn. 262; 4 Conn. 450; 5 Conn. 86; 2 John. R. 84; 4 Yerg. 375; 6 Mass. 24; 11 Mass. 337; 2 Curt. Ecc. R. 458.
     5. As to when a court of equity will order an agreement or other instrument to be cancelled and delivered up, see 4 Bouv. Inst. n. 3917-22.

References in periodicals archive ?
752(b) resulting from a cancellation of debt as an advance or drawing against the partner's distributive share of cancellation of indebtedness income under Regs.
Acoustic's SoundClear technology features noise cancellation and speech enhancement to reduce background noise and optimize speech intelligibility.
Accordingly, the 50/50 allocation of income lacked substantial economic effect and the cancellation of indebtedness income had to be allocated $90 to A and $810 to B, which brought each capital account to zero.
Pursuant to the Stock Option Cancellation Agreement, the lender agreed to surrender and deliver to the Company 1,195,058 shares of the Company's common stock in exchange for the Company's cancellation of its option to purchase all 1,595,098 shares.
The company expects that most of the holders of the Equity Contracts will find it advantageous to exercise their right to purchase common stock prior to the redemption and cancellation date.
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decided against CACI's interpretation of the lease cancellation provision.
Fry's customers across the US now have the opportunity to realize the advantage that Gennum's powerful noise cancellation headset brings to their business and personal lives.
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POCATELLO, Idaho -- AMI Semiconductor (Nasdaq:AMIS), a designer and manufacturer of state-of-the-art integrated mixed-signal and structured digital products for the automotive, medical and industrial markets, today announced the availability of its Echo Cancellation algorithm optimized for the ultra-low power BelaSigna 200 and recently launched BelaSigna 250 DSP-based audio processing systems.