You received a recall for your automobile to be returned to…

You received a recall for your automobile to be returned to the dealer for repair of the brake system, but you chose not to take the car back and consequently had an accident when the brakes failed.  You would most likely be unsuccessful if you tried to sue the automobile company due to this concept which is a defense for the manufacturer.

You sold a car to your friend and the contract stated that i…

You sold a car to your friend and the contract stated that if they don’t pay you by the 10th of the month, they owe you a $25 late fee. Last month they lost their job and paid you a few days late but you decided not to charge them the $25 fee. What is this called?