CFR > Title 48 > Chapter 1 > Subchapter A > Part 3 > Subpart 3.7 – Voiding and Rescinding Contracts
Current as of: 2024 | Check for updates
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| § 3.700 | Scope of subpart |
| § 3.701 | Purpose |
| § 3.702 | Definition |
| § 3.703 | Authority |
| § 3.704 | Policy |
| § 3.705 | Procedures |
Terms Used In CFR > Title 48 > Chapter 1 > Subchapter A > Part 3 > Subpart 3.7 - Voiding and Rescinding Contracts
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
- Statute: A law passed by a legislature.
- Verdict: The decision of a petit jury or a judge.