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Flashcards - Contract Law and Third Party Beneficiaries

Flashcards - Contract Law and Third Party Beneficiaries
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consideration
Consideration is the concept of legal value in connection with contracts
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3 cards in set
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consideration
Consideration is the concept of legal value in connection with contracts
Third-party beneficiaries
A third-party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been an active party to the contract
specific performance
Specific performance is an order of a court which requires a party to perform a specific act, usually what is stated in a contract

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