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The difference between termination and rescission of a contract is that a terminated contract becomes unenforceable starting on the date of the termination, whereas a rescinded contract is treated as if there had never been a contract at all. If a contract is terminated, both parties remain obligated under the terms of the contract.
☝Many documents, especially those generated by banks and similar institutions, display the symbol "S.S." adjacent to the blanks for venue information (State of _______, County of _______ )
👀In fact, "S.S." is the abbreviation for "scilicet -- a Latin term meaning👉 "namely" or "in particular" adjacent to the blanks for venue information (State of _______, County of _______. It is the predecessor of today's familiar, and required, venue element.
------ Here’s a venue example we found in one state’s online notary manual:
💥FORM OF ACKNOWLEDGMENT FOR an INDIVIDUAL:
State of _________
County of ________ S.S. (Town/City)
In this usage, the scilicet (remember, it means “namely” or “in particular”) indicates that the notary should further specify the venue by including the town or city name following the county name.
Source: https://www.asnnotary.org/?form=scilicetwhatdoesitmean
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