Examlex
Which of the following is not a current liability?
Specific Performance
Specific performance is a legal remedy in contract law where a court orders a party to perform their obligations under a contract, rather than providing a monetary award for breach of contract.
Valid Tender
An offer of payment meeting the legal requirements to extinguish a debt or obligation.
Madison Square Garden Corp., Ill. v. Carnera
A legal case that dealt with specific issues related to contracts or legal obligations; further context would be needed for a precise definition.
Negative Covenant
A promise in a contract that prohibits a party from engaging in certain activities.
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