understand contract law

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alan bernal
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Zusammenfassung der Ressource

understand contract law
  1. accord & satisfaction

    Anmerkungen:

    • sub. one contract for another
    1. actual damages

      Anmerkungen:

      • damages directly related to the  breach
      1. anticipatory breach

        Anmerkungen:

        • notified that a party to the contract will not fulfill their part of the contract
      2. assignee

        Anmerkungen:

        • party to whom right is transferred 
        1. assignment

          Anmerkungen:

          • legaly transfering your rights in a contract
          1. assignor

            Anmerkungen:

            • party who transfers the right
            1. breaching a contract

              Anmerkungen:

              • failure to preform a promise or 2 in a contract
              1. compensatory damages

                Anmerkungen:

                • award only for injuries suffered
                1. complete performance

                  Anmerkungen:

                  • all terms have been carried out properly and completed
                  1. consequential damages

                    Anmerkungen:

                    • damages that dont flow with the breach
                    1. delegation

                      Anmerkungen:

                      • transfer a duty
                      1. incidential damages

                        Anmerkungen:

                        • reasonable expenses that arise indirectly to the breach of the contract
                        1. injunction

                          Anmerkungen:

                          • court order that prevents a party from performing an act
                          1. liquidated damages

                            Anmerkungen:

                            • anticipated damages agreed upon prior to contract being signed
                            1. mutual release

                              Anmerkungen:

                              • each side releases the other from the contract 
                              1. nominal damages

                                Anmerkungen:

                                • award to prove legal injury but no damages caused
                                1. punitive damages

                                  Anmerkungen:

                                  • damages in excess of losses suffered in order to punish party for breach
                                  1. satisfactory performance

                                    Anmerkungen:

                                    • services be done in satisfactory manner
                                    1. speculative

                                      Anmerkungen:

                                      • damages awarded on expectations from contract fulfillment
                                      1. statute of limitations

                                        Anmerkungen:

                                        • individual states have a time limit on lawsuits to be fined
                                        1. substantial performance

                                          Anmerkungen:

                                          • slightly less than full performance
                                          1. tender of performances

                                            Anmerkungen:

                                            • offer to perform
                                            1. wrongful alteration

                                              Anmerkungen:

                                              • any altering or changing of a contract will discharge parties to the agreement 
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