Contract Law

maia.alexis
Mind Map by maia.alexis, updated more than 1 year ago
maia.alexis
Created by maia.alexis over 6 years ago
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Contract Law
  1. Accord and satisfaction

    Annotations:

    • a substitution of one contract for another
    1. Breaching a Contract

      Annotations:

      • failure to perform 1 or more promises in a contract
      1. Delegation

        Annotations:

        • transfer a duty
      2. actual damages

        Annotations:

        • when damages are DIRECTLY related to breach
        1. Assignment

          Annotations:

          • transffering your rights in a contract LEGALLY
          1. Complete Performances

            Annotations:

            • all terms have been carried out properly and completely
            1. Punitive Damages

              Annotations:

              • damages in excess of losses suffered in order to punish party for breach
            2. Anticipatory Breach

              Annotations:

              • when the party to the contract wont fulfill their part of the contract in the required time of fulfillment
              1. Assignor

                Annotations:

                • party who transfers the right
                1. Consequential Damages

                  Annotations:

                  • damages that don't flow directly from the breach
                  1. Satisfatcory Performance

                    Annotations:

                    • law requires that services be completed in a satisfactory manner
                  2. Assignee

                    Annotations:

                    • the party to whom the right is transferred to
                    1. Compensatory Damages

                      Annotations:

                      • award for only injuries suffered
                      1. Incidental Damages

                        Annotations:

                        • reasonable expenses that arise INDIRECTLY from breach contract
                        1. Tender of Performance

                          Annotations:

                          • offer to perform
                        2. Wrongful Alteration

                          Annotations:

                          • any altering or changing of a contract will discharge parties to the agreement
                        3. Injunction

                          Annotations:

                          • court order that prevents a party from performing an act
                          1. Liquidated damages

                            Annotations:

                            • anticipated damages agreed upon prior to contract being signed
                          2. Mutual Releases

                            Annotations:

                            • each side releases the other side from the contract
                            1. Nominal Damages

                              Annotations:

                              • award to prove legal jury but no damages caused
                            2. Speculative

                              Annotations:

                              • damages awarded not on fact but on expectations from contract fulfillment
                              1. statue of limitations

                                Annotations:

                                • individual states have a time limit on lawsuits to be filed
                                1. Substantial Performance

                                  Annotations:

                                  • slightly less than full performance
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