Understand Contract Law

Nota:

• Substitute one contract for another 

1. Injuction

   Nota:

   • Court order that prevents a party from performing 

Nota:

• Damages DIRECTLY related to breach 

1. Assignee

   Nota:

   • Party to whom right is transferred 
   1. Nominal Damages
      1. Punitive Damages
         1. Tender of Performance

            Nota:

            • Offer to Perform 
2. Complete Performance

   Nota:

   • All terms have been carried out properly & completely 
3. Wrongful Alteration

Nota:

• Notified to a party 

1. Delegation

   Nota:

   • Transfer a duty 

Nota:

• Legally transferring your rights in a contract 

1. Consequential Damages

   Nota:

   • Damages that do not flow directly from the breach 
   1. Statue of Limitations

Nota:

• Party who transfers the right 

Nota:

• Failure to preform one or more promises in a contract 

Nota:

• Award only for injuries suffered- nothing more

1. Incidental Damages

   Nota:

   • Reasonable damages 
2. Speculative

Nota:

• Anticipated damages agreed upon before 

1. Satisfactory Performance
2. Substantial Performance

Nota:

• Each side releases the other side from the contract