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Phone/Audio Streaming 

Monday, March 12, 2018

Program: 1:00-2:00p

Click on the "In Depth" tab for tuition and speaker information.

Despite the best laid plans and careful draftsmanship, errors occur in transactions and their underlying documents.

The parties may have had a misunderstanding of a crucial fact or there may have been a misunderstanding of the applicable law, leaving the parties with a practically or legally defective arrangement.

Or a simple drafting error may have been made in one or more of the transaction’s underlying documents.

Rescission, backdating and other forms of transactional modification are available to correct these mistakes.

This program provides a practical guide to using rescission, backdating and other forms of modification to fix transactional errors, teach you about the best uses and limits of each technique, and discuss the tax and other consequences of using these techniques.

  • Types of temporal modification – rescission, backdated initial actions, backdated modification
  • Legitimate reasons for after-the-fact modification of transactions
  • Statutory and common law recognition of rescission
  • Permissibility of back-dating certain transactions
  • Special use of rescission to save S Corp status of a corporation
  • Tax consequences of rescission and other corrective measures
Product Information
Date Presented:
March 12, 2018 1:00 PM Eastern
1 hour
NCBA Member Price:
Non-Member Price:
Rescission in Business Transactions: How to Fix Something That‘s Gone Wrong | Live Replay from April 18, 2017 | Phone/Audio Streaming

Program Information and Tuition: 

  • Program time and length: 1:00-2:00p EST (1 hour per program)
  • What is a Phone/Audio Streaming Seminar?
  • Phone/Audio Streaming seminars do not count against the State Bar's six-hour credit limit (per credit year) for computer-based CLE.
  • The instructions and materials are posted under "My Courses". 
  • Passports are not accepted for Phone/Audio Streaming seminars.
  • Co-Sponsored with Webcredenza
NCBA Member $80
Non-Member $80


Speaker Information
Allen Sparkman   [ view bio ]
Individual topic purchase: Selected
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00
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