Examlex
According to the terms of the 1901 Platt Amendment,
Sale of Goods
A transaction in which ownership of physical products is transferred from a seller to a buyer for payment.
Partial Performance
The situation where a party has completed some, but not all, of their contractual obligations.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual dealings.
Delegation
A contracting party’s (a delegator’s) transfer of his or her duty to perform to a third party who is not part of the original contract (a delegatee).
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