Under a destination contract, the seller promises to deliver specified goods to the buyer’s destination. The seller must confirm that the purchased goods get to the buyer’s destination.
The destination contract can be used...
contract law
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Donee beneficiary is a third party beneficiary who is the beneficiary of a contract between two other parties which the donee beneficiary is not a party to. For example, if a parent buys a life insurance contract with proceeds from such...
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In contract law, economic duress also called business compulsion, refers to one party’s improper or illegal conduct that causes the other party’s fear of economic hardship and the fear prevents the party from engaging in a commercial...
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In law, the term "equity" refers to a particular set of remedies and associated procedures involved with civil law. These equitable doctrines and procedures are distinguished from "legal" ones. While legal remedies typically involve monetary...
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Expectation damages are damages that can be recovered from a contract breach by the non-breaching party. It intends to put the non-breaching party in as good of a position as if the breaching party fully performed their contractual duties. As...
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An express contract is an exchange of promises where terms by which the parties agree to be bound are declared either orally or in writing, or a combination of both, at the time it is made.
Required ComponentsWhether oral...
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A contractual agreement that designates the court and location where the parties would like to have their legal dispute decided is commonly known as a "forum selection clause."
A forum selection clause seeks to provide a court with "personal...
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Under contract law, a plaintiff can recover from a defendant on the grounds of fraudulent concealment where the defendant:
concealed or suppressed a material fact; had knowledge of this material fact; that this material fact was... (Wex page)
Fraudulent misrepresentation is a tort claim, typically arising in the field of contract law, that occurs when a defendant makes a intentional or reckless misrepresentation of fact or opinion with the intention to coerce a party into action...
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Freedom of contract is the ability of parties to bargain and create the terms of their agreement as they desire without outside interference from the government. It is the opposite of government regulation.
In Lochner v....