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Rescind |
Also found in: Dictionary/thesaurus, Financial | 0.01 sec. |
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To declare a contract void—of no legal force or binding effect—from its inception and thereby restore the parties to the positions they would have occupied had no contract ever been made. rescind v. to cancel a contract, putting the parties back to the position as if the contract had not existed. Both parties rescind a contract by mutual agreement, since a unilateral cancellation of a contract is a "breach" of the contract and could result in a lawsuit by the non-cancelling party. (See: rescission) |
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That would allow the council to avoid alienating the business community if it decides to let the ordinance stand or angering powerful labor leaders if it rescinds it. Last Monday's airport board action rescinds the $50 daily charge for filming with a cast, crew and extras of less than five people, as well as the $100 daily charge for filming with a cast, crew and extras of more than five people. To make her mother happy, she tries to be more like other girls, neatly arranging her hair and wearing a dress; but Edith isn't happy forcing herself to be someone she isn't; when her mother sees this she rescinds her selfish wish of "why can't you be like other girls? |
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