• If the seller defaults, the buyer may apply for an injunction to order the seller to proceed with the sale. This unusual remedy is because the law says that real property is so unique that money damages can never compensate one for its loss—only the property itself will suffice. Desp...
2-10 Liquidated Damages 2-10 2-11 Postal Service Property — Fixed-Price 2-11 2-12 Postal Service Property — Short Form 2-12 2-13 Postal Service Property — Non-Fixed-Price 2-13 2-14 Postal Service Property Furnished “As Is” 2-14 2-15 Special Tooling 2-15 2-16 Special...
License Restrictions Warranty/Consequential Damages Disclaimer This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws. Except as expressly permitted in your license agreement or allowed by law...
(law) the act of disposing of property by virtue of the power of appointment; She allocated part of the trust to her church by appointment Contract (intransitive) To make an agreement or contract; to covenant; to agree; to bargain. To contract for carrying the mail Contract (transitive) To...
A compact is an agreement or covenant between parties, while a contract is a legally binding agreement enforceable by law.
@JessicaLynn - I agree, a written contract is useful to have whenever an agreement is made-especially if money is involved! I would just like to reiterate what the article said about oral contracts. They are pretty useless! In the medical field, unless you write something in a chart it'...
Contractors have often recovered delay damages against owners whose actions or inactions obstructed the progress in the project based on this general rule of law. For example, an owner has been held in breach of its general duty not to interfere with the contractor’s prog...
In tort, minors can be sued for recovery of damages, out of their property. As against, in contract law, the minority is a good escape or defence. This is because the contract with minors is void from the very beginning. Hence, no rule of estoppel is applicable. ...
Comparison Chart Definition of Void Contract A void contract is a contract which is not enforceable in the court of law. At the time of formation of the contract, the contract is valid as it fulfills all the necessary conditions required to constitute a valid contract, i.e. free consent, ...
For any other type of surface transportation contract, the Postal Service shall not be liable for any damages for a termination effected under this clause. The liquidated damages permitted by this contract, if any, constitute the supplier’s full remedy for a whole or partial termination under ...