Requirements Contract - Law Dictionary Search Results
nonconformity
nonconformity pl: -ties 1 : failure to conform to or comply with something (as contract requirements) [acceptance of goods occurs when the buyer…will take or retain them in spite of their "Uniform Commercial Code"]
nonconforming
nonconforming : failing to conform or comply (as with contract requirements or specifications or a law)
equitable adoption
implied contract to adopt and clear evidence of an intention to adopt but no performance of the procedures required by statute for an adoption called also adoption by estoppel
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liability
for a defective and unreasonably dangerous product ;specif : strict liability for a defective product that does not require the plaintiff to have privity of contract with the seller or manufacturer called also product liability NOTE: A
Defect
Defect, means any fault, imperfection or short-coming in the quality, quantity, potency, purity or standard which is required to be maintained by or under any law for the time being in force or under any contract,
Joint-stock Banks
the Banking Companies (Shares) Act, 1867(30 & 31 Vict. c. 29), which, in order to prevent speculative transactions, requires that the numbers of the shares shall be distinguished in the contract of sale, which is otherwise to
Unfair term
Unfair term, means any term which contrary to the requirement of good faith causes a significant imbalance in the parties' rights and obligations under the contract to the
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