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9 Cards in this Set

  • Front
  • Back
accord and satisfaction
aggreement by contracting parties that is satisfied by full performance, thereby terminating a prior contract as well
a contract, mutual assent between two or more parties
a transfer of legal rights and obligations by one party to another
person appointed to perform legal acts for another under a power-of-attorney
breach of contract
failure to fulfill an agents duty to his or her principal
capacity of parties
the ability of parties to perceive and understand what they are contracting to do
carry over clause
clause in listing contract protecting the broker's commission entitlement for a specified period of time after expiration of the contract
competent parties
persons and organizations legally qualified to manage their own affairs, including entering into contracts
complete performance
execution of a contract by virtue of all parties having fully performed all terms