Irma, Lincoln County, Wisconsin: Browse Thousands of Acres of Land for Sale in Irma, Lincoln County, Wisconsin.
Wiktionary (0.00 / 0 votes) Rate this definition: rescind (Verb). To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect. The agency will rescind the policy because many people are dissatisfied with it. Origin: From the rescindo, from re- + scindo.
Failure Of Consideration: A unilateral rescission can be based on a failure of consideration in three situations (Ca Civil Â§ 1689(b)(2),(3) &(4)): 1  Where the consideration for the rescinding party's obligation fails, in whole or in part, through the fault of the other party to the contract (Ca Civil Â§ 1689(b)(2));