3745667
Description
Mind Map by lalaryan8847, updated more than 1 year ago
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Created by lalaryan8847
over 8 years ago
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Terminating Contract
- Accord and satifsaction
Annotations:
- substiute for one contract
- Actual Damages
Annotations:
- damages directly to breech
- Anticipatory Breech
Annotations:
- notify that a party to the contact will not fufill their part
- Assignee
Annotations:
- party to whom right is transfrews
- assignment
Annotations:
- leagally transfering your rights in a contract
- Breaching a contract
Annotations:
- wrongful failure to prefirm 1 or more promises in a contract
- Compensatory Damages
Annotations:
- award for injuries suffered
- complete performances
Annotations:
- all terms have been carried out properly and completly
- Consequential Damages
Annotations:
- damages do not flow directly from the breach
- Delegation
Annotations:
- transfer of duty
- incidental damages
Annotations:
- reasonable expenses that arise indirectly from breach of a contact
- injuction
Annotations:
- court order that prevents a party from preforming an act
- liquidated Damages
Annotations:
- damages before the contract has been sighned
- mutual release
Annotations:
- each side releases
- nominal damages
Annotations:
- award to prove legal injury
- punitive damages
Annotations:
- damages in excess of losses
- Satisfatory preformance
Annotations:
- requires completecontract
- Speculative
Annotations:
- damages awarded not on fact but on expectations
- statue of limitations
Annotations:
- individual states have a time limit on lawsuits to be filed
- tender preformance
Annotations:
- offer to preform
- wrongful alteration
Annotations:
- any altering of a contract will stop the agreement
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