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v. t. e. In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.
Demand letter. A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong. Although demand letters are not legally ...
1929 machine cancellation used to cancel 1d stamp on first flight cover from Nassau to Miami. A cancellation (or cancel for short; French: oblitération) is a postal marking applied on a postage stamp or postal stationery to deface the stamp and to prevent its reuse. Cancellations come in a huge variety of designs, shapes, sizes, and colors.
MSG – Marine Corps Security Guard, responsible for guarding United States Embassies. MTO – Motor Transport Officer, the Marine in charge of maintenance and operation of a unit's trucks. MTV – Modular Tactical Vest, a type of ballistic vest worn by Marines. MTVR – Medium Tactical Vehicle Replacement See also 7-ton.
Letters patent ( plural form for singular and plural) are a type of legal instrument in the form of a published written order issued by a monarch, president or other head of state, generally granting an office, right, monopoly, title or status to a person or corporation. Letters patent can be used for the creation of corporations or government ...
A demand draft ( DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts are difficult to ...
A Cancelled-to-order plate block of the US newspaper boy stamp of 1952. A cancelled to order (also called and abbreviated CTO) postage stamp, philatelic symbol , [1] is a stamp the issuing postal service has cancelled (marked as used), but has not traveled through the post, [2] but instead gets handed back to a stamp collector or dealer.
A National security letter issued to the Internet Archive demanding information about a user. A national security letter ( NSL) is an administrative subpoena issued by the United States government to gather information for national security purposes. NSLs do not require prior approval from a judge. The Stored Communications Act, Fair Credit ...
Hire purchase. A hire purchase ( HP ), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as ...
The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining. To reduce the number of disputes and smoothen the sale and purchase procedure ...