Copyright

Flashcards - Contracts: Breach of Contract

Flashcards - Contracts: Breach of Contract
1/10 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
expectation damages
Expectation damages are damages recoverable from a breach of contract by the non-breaching party
Got it
duty to mitigate
Mitigation in law is the principle that a party who has suffered loss has to take reasonable action to minimize the amount of the loss suffered
Got it
injunction
An injunction is an equitable remedy in the form of a court order that compels a party to do or refrain from specific acts
Got it
Fraud
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right
Got it
voidable
Voidable, in law, is a transaction or action that is valid but may be annulled by one of the parties to the transaction
Got it
10 cards in set
Front
Back
voidable
Voidable, in law, is a transaction or action that is valid but may be annulled by one of the parties to the transaction
Fraud
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right
injunction
An injunction is an equitable remedy in the form of a court order that compels a party to do or refrain from specific acts
duty to mitigate
Mitigation in law is the principle that a party who has suffered loss has to take reasonable action to minimize the amount of the loss suffered
expectation damages
Expectation damages are damages recoverable from a breach of contract by the non-breaching party
reliance damages
Reliance damages is the measure of compensation given to a person who suffered an economic harm for acting in reliance on a party who failed to fulfill their obligation
Undue influence
In jurisprudence, undue influence is an equitable doctrine that involves one person taking advantage of a position of power over another person
statute of limitations
Statutes of limitations are laws passed by legislative bodies in common law systems to set the maximum time after an event within which legal proceedings may be initiated
liquidated damages clause
Liquidated damages are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach
mistake
In contract law, a mistake is an erroneous belief, at contracting, that certain facts are true

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

Support