ShmoopTube

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finance a la shmoop what is rescission think of a season as a sale and then you [Sign for a 'garage scission']

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read it that is you undo it rescission is the noun form of rescind

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and you'll notice the base spellings of scissors in there kinda sorta it's like

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you're cutting the sale or the contract or the deal well why would you rescind a [A contract is cut by scissors]

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sale well maybe the eggs were in fact rotten

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and you weren't in Denmark or maybe the contract stipulated that Super Bowl

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t-shirts had to be delivered before Super Bowl Sunday so when they arrived [The before term in the contract is highlighted]

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the Monday afterward while that contract got rescinded or the rescission might

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have happened because the product just didn't work the way it was you know

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supposed to another big example comes from your kindly loving insurance [Woman looks upset with her champions t-shirt]

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underwriters you claimed you had a smoke detector in your house but you didn't

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and after your buddy pyro Pete's visit while the house burned down the [Pyro Pete using a flamethrower in the kitchen]

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insurance adjuster looks and looks for that smoke detector but doesn't find it

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and guess what your insurance contract claim is rescinded you lied [Rescinded stamp]

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ie made fraudulent representations so you know no soup for you or no million [Firefighters working on a blaze]

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dollar insurance policy payout well rescission happens or can happen in

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nearly any and all sales transactions sometimes that of buyers behest like

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during the cooling off period immediately after someone has purchased [Someone handing over a check]

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a car and is experiencing buyer's remorse or if the wife is experiencing

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you know marriers remorse yeah oh well sorry there [Husband doesn't look impressed by the food his wife has cooked]

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maybe go with the car

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