Gratuitous Contract - Law Dictionary Search Results
terminate
or effect vt 1 : to bring to a definite end esp. before a natural conclusion [ a contract] compare cancel, rescind 2 : to discontinue the employment of ter·mi·na·tion [tər-mə-nā-shən] n
tortious
tortious : constituting a tort : recognized as a tort [a act] [ interference with contract] tor·tious·ly adv
transaction
things that reciprocally affect or influence each other 3 in the civil law of Louisiana : an onerous contract that is intended by the parties to prevent or end actual or possible litigation and in which they
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swap
swap 1 : an exchange of securities 2 : a derivative contract in which two parties (as corporations) agree to exchange rates esp. relating to debt
unconscionable
unfair to one party, marked by oppression, or otherwise unacceptably offensive to public policy [an clause] [finds the contract…to have been at the time it was made "Uniform Commercial Code"] compare conscionable un·con·scio·na·bly adv
unilateral
by only one party esp. because the other has already performed (as by paying an amount) [an option contract is ] uni·lat·er·al·ly adv
usage of trade
NOTE: Evidence of a usage of trade may be admissible as supplementing the express terms of a disputed contract when it does not contradict them.
valid
1 : having legal efficacy or force [a license] ;esp : executed with proper authority and form [a contract] [a search] 2 : having a legitimate basis : justifiable [a reason for terminating the employee] 3 :
vitiate
vitiate -at·ed -at·ing : to make ineffective [fraud s a contract]
void
under law [a marriage] 2 : voidable void·ness n vt : to make or declare void [ a contract]
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