| Question |
Answer |
| Alienation |
The process of transferring land out of one's possession. |
| Anticipatory Repudiation |
An assertion or action by a party indicating that he or she will not perform an obligation that the party is contractually obligated to perform at a future time. |
| Assignee |
A party to whom the rights under a contract are transferred, or assigned. |
| Assignment |
The act of transferring to another all or part of one's rights arising under a contract. |
| Assignor |
A party who transfers his or her rights under a contract to another party. |
| Breach Of Contract |
The failure, without legal excuse, of a promisor to perform the obligations of a contract. |
| Commercial Impracticability |
Doctrine under which a seller may be excued from performing a contract when (1 a contingency occurs,(2 the contingency's occurance makes performance impracticable, and (3 nonoccurance of the contingency was basic assumption non which the contract was made |
BIOL3326 Forms
