Zusammenfassung der Ressource
understand contract law
- accord & satisfaction
Anmerkungen:
- sub. one contract for another
- actual damages
Anmerkungen:
- damages directly related to the
breach
- anticipatory breach
Anmerkungen:
- notified that a party to the contract will not fulfill their part of the contract
- assignee
Anmerkungen:
- party to whom right is transferred
- assignment
Anmerkungen:
- legaly transfering your rights in a contract
- assignor
Anmerkungen:
- party who transfers the right
- breaching a contract
Anmerkungen:
- failure to preform a promise or 2 in a contract
- compensatory damages
Anmerkungen:
- award only for injuries suffered
- complete performance
Anmerkungen:
- all terms have been carried out properly and completed
- consequential damages
Anmerkungen:
- damages that dont flow with the breach
- delegation
Anmerkungen:
- incidential damages
Anmerkungen:
- reasonable expenses that arise indirectly to the breach of the contract
- injunction
Anmerkungen:
- court order that prevents a party from performing an act
- liquidated damages
Anmerkungen:
- anticipated damages agreed upon prior to contract being signed
- mutual release
Anmerkungen:
- each side releases the other from the contract
- nominal damages
Anmerkungen:
- award to prove legal injury but no damages caused
- punitive damages
Anmerkungen:
- damages in excess of losses suffered in order to punish party for breach
- satisfactory performance
Anmerkungen:
- services be done in satisfactory manner
- speculative
Anmerkungen:
- damages awarded on expectations from contract fulfillment
- statute of limitations
Anmerkungen:
- individual states have a time limit on lawsuits to be fined
- substantial performance
Anmerkungen:
- slightly less than full performance
- tender of performances
Anmerkungen:
- wrongful alteration
Anmerkungen:
- any altering or changing of a contract will discharge parties to the agreement