Rescindable

Rescindable describes something that can be officially cancelled, withdrawn, or repealed. It implies the ability to nullify a prior decision, agreement, or action. The term highlights the conditional nature of an arrangement, indicating it's subject to reversal under specific circumstances. These circumstances might include violations of terms, a change in conditions, or a failure to meet obligations. The existence of rescinding authority, either explicitly stated or implicitly understood, is a key characteristic. Contracts, offers, or even legal decisions can be considered rescindable if the necessary conditions for cancellation are met. The word is frequently employed in legal, financial, and administrative contexts where maintaining flexibility is paramount. The act of making something rescindable creates accountability and provides safeguards.

Rescindable meaning with examples

• The contract was clearly rescinded by the company, since the builder failed to complete the project on time, making the entire agreement rescindable. This clause ensured that the project remained under strict quality control and deadlines, providing recourse if these were not respected. The legal implications were clear and were explained to all parties.
• Because of fraudulent misrepresentation by the salesperson, the purchaser argued the sales agreement was rescindable. They argued the original terms had not been met, making them voidable under the law. This opened the door to legal disputes, showing the importance of truth in business and the rescinding of inaccurate business transactions.
• Due to unexpected market shifts and economic instability, the government declared some previously granted subsidies to be immediately rescinded, with the support of public approval. This was made clear due to the need to balance the country's budget, thereby, demonstrating financial prudence and adapting to a changing economic climate.
• The scholarship offer was rescindable if the student failed to maintain a minimum grade point average. The conditions for keeping the scholarship required specific grades and a strong commitment to their studies. This system fostered academic discipline and the pursuit of scholastic achievement, encouraging students to maintain their course work.
• After the discovery of a significant breach of privacy, the user agreement was deemed rescindable. This action was taken to protect the consumer from abuse and maintain the integrity of the agreement. The company was thus mandated to adhere to safety and compliance requirements, demonstrating a commitment to transparency and trust.