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Fatuous persons

in tort', Standard Chartered Bank v. Pakistan Shipping Corpn. (No. 4) (CA), (2000) 3 WLR 1692. Means negligence, breach of statutory duty or other act or omission, Standard Chartered Bank v. Pakistan Shipping Corpn. [HL(E), (2000) 3

Equity of redemption

although he has become absolute owner of a legal estate in the mortgaged property, on account of the breach of the condition for repayment of the loan within the strict time, is nevertheless compelled to reconvey the

Case, action on the

lay where a party sued for damages for any wrong or cause of complaint (such as negligence, or breach of contract not under seal) to which covenant or trespass did not apply. Statutory sanction was obtained for

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recoupment

right of a defendant to have the claim of the plaintiff reduced or eliminated by reason of a breach of contract or duty by the plaintiff in the same occurrence or transaction ;also : an affirmative defense

promise

is considered to exist despite the lack of an agreement or express terms to that effect and the breach of which may be recognized as a cause of action [claimed a breach of an implied promise that

impossibility

of per·for·mance 1 : a doctrine in contract law that a party may be released from liability for breach of contract for failing to perform an obligation that is rendered impossible by uncontrollable circumstances (as death or

hybrid

being a lawsuit brought by an employee under the Labor Management Relations Act against both the employer for breach of contract and the union for breach of the duty of fair representation b : of, relating to,

contract

or not do something and a right to performance of the other's duty or a remedy for the breach of the other's duty ;also : a document embodying such an agreement see also accept, bargain, breach, cause,

cancel

in accordance with the provisions of U.C.C. section 2-106 or a similar statute because the other party has breached compare rescind, terminate NOTE: Section 2-106 provides that a party that cancels a contract because of the other

assumpsit

assumpsit [Medieval Latin, he/she undertook] : an express or implied promise or contract or quasi contract the breach of which may be grounds for a suit ;also : a common-law action that may be brought for

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