Author: Anonymous

Which term matches this definition?Arises when only one of the parties to a contract is wrong about a material fact. It is not usu- ally a basis for rescinding a contract.

Which term matches this definition?A contractual provision that specifies a predetermined amount of damages or a formula for calculating damages in the event of breach.

Which term matches this definition? A third party, who is not an original contracting party, to whom contractual rights are transferred. This party may enforce the original contract.

Which term matches this definition? An action by a person that compels another to do what he or she would not otherwise do. 

Which term matches this definition?A quasi-contract.

Which term matches this definition?A remedy fashioned by a court when money damages are not adequate (i.e., there is “no adequate remedy at law”). Examples include injunctions and rescission of a contract.

Which term matches this definition? An event in the law of contracts that must occur before a duty of immediate performance of the promise arises.

Which term matches this definition?A uniform law adopted by the states that standardizes important areas of commercial law, including sales of goods and commercial transactions.

Which term matches this definition? Excludes the introduction of evidence of prior written or oral agreements that may vary, contradict, alter, or supplement the present written agreement.

Which term matches this definition?A contract that is empty, having no legal force; ineffectual, unenforceable.