Contract Note - Law Dictionary Search Results
rejection
a refusal to accept an offer b : a refusal to accept nonconforming goods as performance of a contract NOTE: Rejection and revocation are two remedies available to the buyer under the Uniform Commercial Code after the delivery
Quantum meruit
The term is still in use to meet the cases where a plaintiff failing to prove a special contract to pay him a particular amount recovers what may be considered to be the value of his work, … and when on a quantum meruit, see also Cutter v. Powell, 6 TR 320; 3 RR 185; and notes in Smith's Leading Cases thereunder. See also Cutler v. Powell, 6 TR 320 3 RR 185 A claim
procedural unconscionability
procedural unconscionability : unconscionability that derives from the process of making a contract rather than from inherent unfairness or unreasonableness in the terms of the contract compare substantive unconscionability NOTE: Procedural
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undue influence
desire for the person's own compare coercion, duress, necessity NOTE: It is a doctrine of equity that a contract, deed, donation, or testamentary disposition can be set aside if the court finds that someone has exercised undue
stipulation pour autrui
stipulation pour autrui [French, stipulation for other persons] in the civil law of Louisiana : a contract or provision in a contract that confers a benefit on a third-party beneficiary NOTE: A stipulation pour autrui
repudiation
repudiation : the rejection or renunciation of a duty or obligation (as under a contract) ;esp : anticipatory repudiation NOTE: A party aggrieved by a repudiation may consider a repudiated contract to have
replevin
action NOTE: Under section 2-716 of the Uniform Commercial Code, a buyer who is a party to a contract that has been breached by the seller has a right of replevin for goods that are identified to
future
future : a contract traded on an exchange in which a party agrees to buy or sell a quantity of a bulk … bulk commodity (as soybeans) at a specified future date and at a set price usually used in pl. NOTE: If the price of the commodity has gone up when the future date arrives, the buyer in the
family
interpretation of the word family in a law context depends upon the area of the law concerned (as contract or zoning law), the purpose of the document (as a statute or contract) in which it is used, … related individuals who live together under common household authority and esp. who have reciprocal duties to each other NOTE: The interpretation of the word family in a law context depends upon the area of the law concerned
closing
;also : a meeting at which the closing of a contract takes place [represented us at the ] NOTE: At the closing for the completion of the sale of real property, the purchase price is paid and … closing : the fulfillment or performance of a contract esp. for the sale of real estate ;also : a meeting at which the closing of a contract
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