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Rescission of Contract: Meaning The remedy of rescission means that an entire contract is set aside. For legal purposes, its treated as though it was never made. It never took place. The outcome of rescission is: whatever was done by the parties by making the contract is reversed.
Rescission of an award or ruling means that the award or ruling will be set aside and that the proceedings must commence afresh. The variation of an award or ruling will have the effect that the wording of the award or ruling will be amended. VARIATION AND RESCISSION OF ARBITRATION AWARDS - Obiter mandela.ac.za article download mandela.ac.za article download
Recission is the cancellation of a contract. A rescission may be unilateral , as when a party rightfully cancels a contract because of another partys material breach. Rescission can also be mutual , as when the contracting parties agree to discharge all remaining obligations.
rescission refers to a request to have the whole award set aside or. cancelled. Any award or ruling may be varied or rescinded by the. commissioner who issued the award or ruling or by any other. commissioner appointed by the Director to do so.
A. rescission refers to a request to have the whole award set aside or. cancelled. Any award or ruling may be varied or rescinded by the. commissioner who issued the award or ruling or by any other.
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rescission. noun. re​scis​sion ri-ˈsi-zhən. : the act, process, or fact of rescinding especially a contract. specifically : the equitable judicial remedy of rescinding a contract in a suit brought by one of the parties compare reformation.

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