Rescission

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Dictionary Says

Definition of 'Rescission'

The right of an individual involved in a contract to return to a state identical to that before they entered into the agreement, due to courts not recognizing the contract as legally binding. In many cases, rescission may be an option if there is a material error in the contract, among other reasons.

Investopedia Says

Investopedia explains 'Rescission'

This is an important concept in the business world, as contracts are commonplace. Should a contract not be legally binding, most often courts will try to return the non-liable parties affected to the state they were in before the contract was entered into.

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'Rescission'

  • Series 63 Study Guide - Administrative Provisions and Other ...

    http://www.investopedia.com/exam-guide/series-63/administrative-provisions/rescission.asp
    ... Administrative Provisions and Other Remedies - Rescission. ... Billy immediately offers
    to repurchase the securities, expressly through a letter of rescission. ...

  • Series 66 Study Guide - Remedies and Administrative Procedures ...

    http://www.investopedia.com/exam-guide/series-66/administrative-procedures/investment-advice-rescission-penalties-liabilites.asp
    Investopedia's Series 66 online Study Guide. In this section rescission
    and penalties for investment advice in violation with USA. ...

  • Series 63 Study Guide - Securities - Other Exempt Transactions ...

    http://www.investopedia.com/exam-guide/series-63/securities/other-exempt-transactions.asp
    ... Transactions between issuers and security holders of another person: Rescission
    offers - Offers of rescission are defined under civil liabilities. ...

  • WellPoint Still On Point

    http://stocks.investopedia.com/stock-analysis/2010/WellPoint-Still-On-Point--WLP-UNH-SNY-GSK-QDEL0430.aspx
    ... Likewise, both WellPoint and rival UnitedHealth (NYSE: UNH) announced that they
    would end their policies on rescission well ahead of the federal deadline. ...

  • Series 66 Study Guide - Regulation of Securities - Exempt ...

    http://www.investopedia.com/exam-guide/series-66/regulation-of-securities/exempt-transactions.asp
    ... Rescission offers - Offers of rescission are defined under civil liabilities.
    Offer of sale to a person from another state; Transactions ...

  • Series 66 Study Guide - Remedies and Administrative Procedures ...

    http://www.investopedia.com/exam-guide/series-66/administrative-procedures/civil-penalties-liabilities.asp
    ... investment - holding on to $500 (half) of his original investment. Next: Other
    Penalties and Liabilities: Investment Advice and Rescission ...

  • Series 63 Study Guide - Administrative Provisions and Other ...

    http://www.investopedia.com/exam-guide/series-63/administrative-provisions/civil-liabilities.asp
    ... Look Out! The seller is always liable to the purchaser for any transaction
    that violates the provisions of the USA. Next: Rescission ...

  • CPH - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/cph/
    ... Rescission; Red Herring; Selling Away. Sponsored links. Follow & Share: Free
    Newsletters Sign up for 'Professionals in the Money'! Professionals FAQs. ...

  • CPH - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/cph/default.asp
    ... Rescission; Red Herring; Selling Away. Sponsored links. Follow & Share: Free
    Newsletters Sign up for 'Professionals in the Money'! Professionals FAQs. ...

  • Series 63 Study Guide - The Foundation - Introduction ...

    http://www.investopedia.com/exam-guide/series-63/foundation/default.asp
    ... Administrative Actions; 5.4 Civil Liabilities; 5.5 Rescission; 5.6 Criminal
    Penalties and Other Provisions. 6. Interviews: 6.1 Introduction; ...

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