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单词 cancellation
释义
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cancellation


cancellation

(See: cancel)

cancellation

1 at common law, an attempt to terminate a contract that can succeed only on terms agreed. A cancellation that is not agreed would result in an award of damages for breach of contract. See also ANTICIPATORY BREACH OF CONTRACT. Under the law of consumer credit, a consumer credit agreement is cancellable if oral representations are made by the negotiator in the presence of the debtor or hirer and the agreement was not signed by the debtor on trade premises. Non-commercial agreements and certain small debtor-creditor supplier agreements are excluded. The protection allowed is for a five-day cooling-off period. Overlapping protection is given by the Consumer Protection (Cancellation of Contracts Concluded away from Business Premises) Regulations 1987. These apply to unsolicited visitors or a solicited visit where different goods are sold. They do not apply to land transactions, sale of food and drink for consumption, or insurance and investment contracts. The regulations offer a seven-day COOLING-OFF period. Other cooling-off periods exist, most notably in the electronic age, in relation to DISTANCE SELLING. 2 where a BILL OF EXCHANGE is intentionally cancelled and the cancellation is apparent thereon, the bill is discharged, as is any party liable on it. Intentional cancellation may be manifested by the cancellation of the signature. A cancellation made unintentionally or under a mistake or without the authority of the holder is inoperative.

CANCELLATION. Its general acceptation, is the act of crossing a writing; it is used sometimes to signify the manual operation of tearing or destroying the instrument itself. Hyde v. Hyde, 1 Eq. Cas. Abr. 409; Rob. on Wills, 367, n.
2. Cancelling a will, animo revocandi, is a revocation of it, and it is unnecessary to show a complete destruction or obliteration. 2 B. & B. 650; 3 B. & A. 489; 2 Bl. R. 1043; 2 Nott & M'Cord, 272; Whart. Dig. Wills, c.; 4 Mass. 462. When a duplicate has been cancelled, animo revocandi, it is the cancellation of both parts. 2 Lee, Ecc. R. 532.
3. But the mere act of cancelling a will is nothing, unless it be done animo revocandi, and evidence is admissible to show, quo animo, the testator cancelled it., 7 Johns. 394 2 Dall. 266; S. C. 2 Yeates, 170; 4 Serg. & Rawle, 297; cited 2 Dall. 267, n.; 3 Hen. & Munf. 502; Rob. on Wills, 365; Lovel, 178; Toll. on Ex'rs, Index, h.t.; 3 Stark. Ev. 1714; 1 Adams' Rep. 529 Mass. 307; 5 Conn. 262; 4 Wend. 474; 4 Wend. 585; 1 Harr. & M'H. 162; 4 Conn. 550; 8 Verm. 373; 1 N. H. Rep. 1; 4 N. H. Rep. 191; 2 Eccl. Rep. 23.
4. As to the effect of cancelling a deed, which has not been recorded, see 1 Adams' Rep. 1; Palm. 403; Latch. 226; Gilb. Law, Ev. 109, 110; 2 H. Bl. 263: 2 Johns. 87 1 Greenl. R. 78; 10 Mass. 403; 9 Pick. 105; 4 N. H. Rep. 191; Greenl. Ev. Sec. 265; 5 Conn. 262; 4 Conn. 450; 5 Conn. 86; 2 John. R. 84; 4 Yerg. 375; 6 Mass. 24; 11 Mass. 337; 2 Curt. Ecc. R. 458.
5. As to when a court of equity will order an agreement or other instrument to be cancelled and delivered up, see 4 Bouv. Inst. n. 3917-22.

cancellation


Cancellation

A notice by a broker to a client that the broker has made a mistake and has taken steps to rectify it. For example, if a client makes an order to buy 1,000 shares and the broker mistakenly buys 2,000, he/she must sell the extra 1,000 shares and bear any losses himself/herself. Afterwards, the broker must inform the client of what has transpired and provide full documentation. This ensures that the broker simply made a mistake and was not trading maliciously or improperly.

cancellation

A broker's notice to a customer that an erroneous trade credited to the customer has been voided. For example, if a brokerage firm mistakenly purchases 200 shares of stock for an account when the customer has entered an order for only 100 shares, the firm will send the customer a cancellation for the 200-share trade to void the original confirmation and then will send a new confirmation showing the correct trade.

cancellation


  • noun

Synonyms for cancellation

noun abandonment

Synonyms

  • abandonment
  • abandoning

noun annulment

Synonyms

  • annulment
  • abolition
  • repeal
  • elimination
  • quashing
  • revocation

Synonyms for cancellation

noun the act of erasing or the condition of being erased

Synonyms

  • deletion
  • erasure
  • expunction
  • obliteration

noun an often formal act of putting an end to

Synonyms

  • abolishment
  • abolition
  • abrogation
  • annihilation
  • annulment
  • defeasance
  • invalidation
  • negation
  • nullification
  • voidance
  • avoidance
  • extinguishment

Words related to cancellation

noun the act of cancelling

Related Words

  • nullification
  • override
  • abrogation
  • repeal
  • annulment
  • write-off
  • attainder
  • civil death
  • recission
  • rescission

noun the speech act of revoking or annulling or making void

Related Words

  • negation
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