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10 Cards in this Set
- Front
- Back
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The failure of a party to a contract to carry out its terms
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breach of contract
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one who trasvers a right by assignment
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assignor
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compensation in money for loss or injury
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damages
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one to whom a right is transferred by assignment
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assignee
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the relationship that exists between two ro more contracting parties
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privity of contract
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announcement before time for performance of a breach of contract
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anticipatory breach
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damages in name only
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nominal damages
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discharging a contract by doing that which one agreed to do
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performance
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damages agreed to at the time of the execution of a contract
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liquidated damages
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a time that may be fairly allowed dependding on the circumstance
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reasonable time
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