Examlex
A life estate may be for life of a person other than the owner.
Anticipatory Breach
An act where one party ahead of time indicates that they will not fulfill their contractual obligations, allowing the other party to consider the contract broken.
Loss Apportionment
The process of dividing the responsibility for financial losses among different parties, typically in accordance with their fault or liability.
Frustration Availability
Refers to situations where the doctrine of frustration can be applied to release parties from their contractual obligations.
Costly Performance
Refers to situations where fulfilling the terms of a contract or agreement involves significant expense.
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