Understand Contract Law

de.briggs
Mind Map by de.briggs, updated more than 1 year ago
de.briggs
Created by de.briggs almost 5 years ago
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Understand Contract Law
1 Accord & Satisfaction

Annotations:

  • Substitute one contract for another 
1.1 Injuction

Annotations:

  • Court order that prevents a party from performing 
2 Actual Damages

Annotations:

  • Damages DIRECTLY related to breach 
2.1 Assignee

Annotations:

  • Party to whom right is transferred 
2.1.1 Nominal Damages
2.1.1.1 Punitive Damages
2.1.1.1.1 Tender of Performance

Annotations:

  • Offer to Perform 
2.2 Complete Performance

Annotations:

  • All terms have been carried out properly & completely 
2.3 Wrongful Alteration
3 Anticipatory Breach

Annotations:

  • Notified to a party 
3.1 Delegation

Annotations:

  • Transfer a duty 
4 Assignment

Annotations:

  • Legally transferring your rights in a contract 
4.1 Consequential Damages

Annotations:

  • Damages that do not flow directly from the breach 
4.1.1 Statue of Limitations
5 Assignor

Annotations:

  • Party who transfers the right 
6 Breaching a contract

Annotations:

  • Failure to preform one or more promises in a contract 
7 Compensatory Damages

Annotations:

  • Award only for injuries suffered- nothing more
7.1 Incidental Damages

Annotations:

  • Reasonable damages 
7.2 Speculative
8 Liquidated Damages

Annotations:

  • Anticipated damages agreed upon before 
8.1 Satisfactory Performance
8.2 Substantial Performance
9 Mutual Release

Annotations:

  • Each side releases the other side from the contract 
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