Chapter 12
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | An agreement and payment (or other performance) between two parties, one of whom has a right of action against the other.
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| show | 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.
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| show | The act of transferring to another all or part of one’s rights arising under a contract.
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| show | A mistake that occurs when both parties to a contract are mistaken about the same material fact.
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| Breach of Contract | show 🗑
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| Commercial Impracticability | show 🗑
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| Condition | show 🗑
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| show | In a contractual agreement, a condition that must be met before a party’s promise becomes absolute.
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| show | Special damages that compensate for a loss that is not direct or immediate.
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| show | The transfer of a contractual duty to a third party.
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| show | The termination of one’s obligation under a contract.
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| show | A doctrine under which a party to a contract is relieved of his or her duty to perform when performance becomes objectively impossible or totally impracticable (through no fault of either party).
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| Incidental Beneficiary | show 🗑
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| Intended Beneficiary | show 🗑
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| Liquidated Damages | show 🗑
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| Mitigation of Damages | show 🗑
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| Mutual Rescission | show 🗑
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| Novation | show 🗑
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| show | A sum named in a contract as punishment for a default.
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| show | The fulfillment of one’s duties arising under a contract.
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| Quasi Contract | show 🗑
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| show | A court-ordered correction of a written contract so that it reflects the true intentions of the parties.
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| Restitution | show 🗑
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| Scienter | show 🗑
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| Specific Performance | show 🗑
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| show | A state statute under which certain types of contracts must be in writing to be enforceable.
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| Tender | show 🗑
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| show | One for whose benefit a promise is made in a contract but who is not a party to the contract.
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| show | A mistake that occurs when one party to a contract is mistaken as to a material fact.
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| show | Knowledge of, and genuine assent to, the terms of a contract.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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