| 单词 | cancellation |
| 释义 | cancellation cancellation 1. 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 unintentional- ly or under a mistake or without the authority of the holder is inop- erative.2. at common law, an attempt to terminate a CONTRACT that can suc- ceed only on terms agreed. A cancellation that is not agreed would result in an award of DAMAGES for BREACH OF CONTRACT. See alsoANTICIPATORY BREACH OF CONTRACT. Under the law of CONSUMER CRED- IT, 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 Busi- ness 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. |
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