Rescission - Revision history

Designing Buildings at 07:28, 2 November 2020

2020-11-02T07:28:08Z

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	* Parol evidence rule.		* Parol evidence rule.

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Designing Buildings at 11:43, 6 April 2020

2020-04-06T11:43:36Z

← Older revision		Revision as of 11:43, 6 April 2020
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−	~~To help develop this article, click 'Edit this article' above.~~
−
	Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. If a contract is rescinded, it is treated as if it did not exist.		Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. If a contract is rescinded, it is treated as if it did not exist.

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	However, circumstances often make it impossible to rescind a contract, for example where works have already been commenced, in which case damages may be awarded.		However, circumstances often make it impossible to rescind a contract, for example where works have already been commenced, in which case damages may be awarded.

−	NB Where one party behaves in such a way that it indicates it no longer intends to accept its obligations under the contract, this is considered to be a repudiatory beach (or fundamental breach) allowing the innocent party to terminate the contract and to sue for damages. This is not rescission, as the parties are not returned to the position they would have been in had they not entered into the contract.~~<br/>~~	+	NB Where one party behaves in such a way that it indicates it no longer intends to accept its obligations under the contract, this is considered to be a repudiatory beach (or fundamental breach) allowing the innocent party to terminate the contract and to sue for damages. This is not rescission, as the parties are not returned to the position they would have been in had they not entered into the contract.

−	= ~~Find out more~~ =	+	= Related articles on Designing Buildings Wiki =

−	~~=== Related articles on Designing Buildings Wiki ===~~	+	* Breach of contract.
−	*Breach of contract.	+	* Contract.
−	*Contract.	+	* Repudiation.
−	*Repudiation.	+	* Rights of third parties.
−	*Rights of third parties.	+	* Termination
−	*Termination	+	* Parol evidence rule.
−	*Parol evidence rule.	+

−	[[Category:Articles_needing_more_work]]	+	[[Category:Articles_needing_more_work]] [[Category:Contracts_/_payment]]
−	[[Category:Contracts_/_payment]]	+

81.157.191.225 at 15:30, 27 August 2014

2014-08-27T15:30:58Z

← Older revision		Revision as of 15:30, 27 August 2014
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−	~~Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract~~.	+	To help develop this article, click 'Edit this article' above.

−	This might be appropriate for example if there has been a serious error in a contract.	+	Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. If a contract is rescinded, it is treated as if it did not exist.
		+
		+	This might be appropriate for example if there has been a serious error in a contract or if one of the parties to the contract has made false representations.
		+
		+	However, circumstances often make it impossible to rescind a contract, for example where works have already been commenced, in which case damages may be awarded.
		+
		+	NB Where one party behaves in such a way that it indicates it no longer intends to accept its obligations under the contract, this is considered to be a repudiatory beach (or fundamental breach) allowing the innocent party to terminate the contract and to sue for damages. This is not rescission, as the parties are not returned to the position they would have been in had they not entered into the contract.<br/>

	= Find out more =		= Find out more =
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	*Breach of contract.		*Breach of contract.
	*Contract.		*Contract.
		+	*Repudiation.
	*Rights of third parties.		*Rights of third parties.
	*Termination		*Termination

Designing Buildings: Created page with " Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. This might be appropriate for ex..."

2013-07-28T09:42:02Z

Created page with " Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract. This might be appropriate for ex..."

New page

Rescission is the process of returning both parties to a contract to the position they would have been in had they not entered into a contract.

This might be appropriate for example if there has been a serious error in a contract.

= Find out more =

=== Related articles on Designing Buildings Wiki ===
*Breach of contract.
*Contract.
*Rights of third parties.
*Termination
*Parol evidence rule.

[[Category:Articles_needing_more_work]]
[[Category:Contracts_/_payment]]