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Chapter 18

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