to destroy the force, validity, or effectiveness of: as
to render (one's will or a provision in one's will) ineffective by purposely making marks through or otherwise marring the text of compare revoke
NOTE: The text of the will or of the will's provision need not be rendered illegible in order for a court to find that there was an intent to cancel it.
to make (a negotiable instrument) unenforceable esp. by purposely marking through or otherwise marring the words or signature of NOTE: As stated in section 3-604 of the Uniform Commercial Code, a party that is entitled to enforce a negotiable instrument may cancel the instrument, whether or not for consideration, and discharge the obligation of the other party to pay.
to mark (a check) to indicate that payment has been made by the bank NOTE: A check is no longer negotiable once it has been cancelled.
to withdraw an agreement to honor (a letter of credit) [when an issuer wrongfully s
or otherwise repudiates a credit before presentment of a draft "Uniform Commercial Code
to put an end to (a contract): as
to end (a contract) by discharging the other party from obligations as yet unperformed
to end (a contract) in accordance with the provisions of U.C.C. section 2-106 or a similar statute because the other party has breached compare rescind
NOTE: Section 2-106 provides that a party that cancels a contract because of the other party's breach is entitled to seek remedies for breach of all or part of the contract.
to put an end to (a lease contract) because of the default of the other party NOTE: Under U.C.C. section 2A-505, a party that cancels because of the other party's default may seek remedies for the default of all or any unperformed part of the lease contract.
to terminate (an insurance policy) before the end of policy period usually as allowed by policy provisions