Exam term

Rescission · Insurance

Cancelling a contract from the start so both sides are returned to their original positions, which an insurer may do for a material misrepresentation or concealment.

Lessons that use this term

Concealment, warranty, and representations California
Rescission rights and required policy specifications California
Insurance contract law and its unique characteristics New York
Contract legal concepts: indemnity, utmost good faith, representations, warranties, concealment, fraud, waiver, and estoppel New York