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LWC

Chapter 18

TermDefinition
remedy method a court uses to compensate an injured party
breach of contract he fails to perform a duty without a valid excuse
injunction an order forcing someone to do something, or refrain from doing something, is an injunction
specific performance forcing both parties to complete the deal
liquidated damage clause a provision in the contract that declares in advance what one party will receive if the other side breaches
interest a legal right on something
4 principal contract interests expectation interest reliance interest restitution interest equitable interest
expectation damages compensatory " direct damages" consequential "special damage" incidental damages
legal remedies money damages
equitable powers - 3 specific performance injunction reformation
injunction court order that requires someone to do something or refrain from doing something
preliminary injunction an order issued early in a lawsuit prohibitively a party from doing something during the course of the lawsuit
reformation a process in which a court will partially "re-write" a contract
mitigate keep damages as low as he reasonably can
Created by: jgalindo
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