Legal Definitions - rescissory action

Definition: A type of legal action that seeks to cancel or rescind a contract or agreement due to some defect or wrongdoing.

Example: If a person enters into a contract with another party but later discovers that the other party made false representations or engaged in fraudulent behavior, they may file a rescissory action to cancel the contract and seek restitution.

This example illustrates how a rescissory action is used to undo a contract that was entered into under false pretenses or with some other defect that makes it invalid or unenforceable.