Contracts

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Author:
stimmel49
ID:
48576
Filename:
Contracts
Updated:
2010-11-09 20:46:25
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Contracts
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Contracts flash cards
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  1. Contracts
    A contract is a promise or a set of promises for the breach of which the law gives a remedy, or for the performance of which the law in some way recognizes a duty.
  2. Good Faith - UCC
    Every contract or duty has an obligation of good faith; failure to perform in good faith is breach of contract.
  3. Good Faith - CL
    Implied covenant of good faith and fair dealing with every contract.
  4. Breach
    Failure or refusal to perform under a binding contract without valid legal excuse

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