| Term | Definition |
|---|
| substantial performance | a situation in which a party has, in good faith,completed the major requirements of a contract, leaving only a few minor details unfinished. |
| tender | an offer to do what you have agreed to do under a contract. |
| discharge by agreement | that person can end a contract by mutual agreement. |
| impossiblities of performance | may be allowed in case of death or illness that prevents the performance of a personal service contract;the destruction of the exact subject matter,or the means for performance; and illlegality,or situations in which the performance of a contract becomes illegal. |
| statue of limitations | establishes a time limit for suing in civil case, based on the data when the breach occurred or was discovered. |
| breach of contract | when a person fails to perform the dities spelled out by the contract. |
| assignment | the transfer of a right under a contract. |
| delegation | transferring of a duty under a contract. |
| fraud | a deliberately deception intended to serve an unfair and unlawful gain |
| duress | the act of destroying somebody's free will by force,threat of force,or bodily harm. |
| undue influence | an action or series of overly persuasive actions that mke inappropriate use of one person's position of power over another person to create an agreement that is very favorable to the person wth all the power. |
| remedy | a legal means of enforcing a right or correcting a wrong. |
| damages | payments recovered in court by person who has suffered an injury |
| punitive damages | money payments for damages that go beyond what the innocent party actually lost and that are designed to punish the wrongdoer. |
| injunction | a court order that prevents a party from performing a specific act. |
Combine with other sets
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