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The rescission would send many home in the middle of their service.
Congress would be required to vote on rescissions within 10 days.
The court's staff will tell you how to apply for a stay or rescission.
There are certain circumstances where rescission is not possible though.
Section 62 does not give the investor any right of rescission.
By law, Congress has the power to review and to cut current budgets at any time, a process known as rescission.
Damages may be claimed on their own or in addition to rescission.
But no such rescission offer has yet been made.
"I think it's unavoidable with the kind of budget rescissions the state is having to make."
The rescissions are needed to meet spending overruns in other Federal programs.
The measure makes cuts, or rescissions, in spending that has already been approved.
However, rescission is an important remedy for the period between exchange and completion.
In some cases rescission may not be an adequate remedy for lost expectations.
From a commercial point of view rescission as a remedy is more theoretical than practical.
Why should anyone post so high a rescission fee?
The rescission bill reduced the budget by about $300 million.
The other party may avert rescission by agreeing to pay the difference to full value.
Rescission under section 6(2), as under the general law, must go both ways.
In 2007, California passed legislation to tighten the rules governing rescissions.
Under the statute, however, the court lacks the power to order reform or rescission of the contract.
"Could the chairman enlighten us on how much of a rescission we are aiming for?"
The phrase enhanced rescission is being whispered in the corridors of power.
With a somewhat technical sounding name, this is the most important bar to rescission in practice.
Companies that allow rescissions have to return the money paid to buy the shares and lose tax benefits they would otherwise get.
In certain circumstances, third party rights may interfere with rescission and render it impossible.