Open Contract - Law Dictionary Search Results
Open contract
Matched in: Term Open contract
open perils
Matched in: Term open perils
Measure of damage
by the vendor, if the breach complained of is that he has failed to show title on an open contract, the purchaser cannot recover his loss upon the contract, but only his expenses. If, however, the breach has
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Contract for sale of land
Matched in: Term Contract for sale of land
Rescission
if he chose to rescind upon an objection which he was precluded by statute from taking under an open contract, or by the conditions in the contract, Scott v. Alvarez, (1895) 2 Ch 603. Under ss. 45 (11)
Contract of option
Matched in: Term Contract of option
fail
become inadequate or unsuccessful esp. in fulfilling certain formal requirements [even though one or more terms are left open a contract for sale does not for indefiniteness "Uniform Commercial Code"] 2 : to become bankrupt or insolvent
derivative
customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly traded on such exchanges. Derivatives often involve a forward contract. adj 1 : arising out of or dependent
open
Matched in: Term open
Upto
881: AIR 1940 Lah 7: 186 IC 881. Upto, Wednesday in a contract means that the offer remains open until midnight of Wednesday, Metropolitan Engineering Works v. Debramer, 45 Cal 481.
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