Examlex
The obligor need not receive notice for an assignment to be valid.
Illegal
Refers to actions or activities that are forbidden by law and subject to criminal penalties and sanctions.
Procedural Unconscionability
A legal term referring to a situation where one party to a contract is at such a severe disadvantage, usually because of imbalanced bargaining power, that the contract becomes unfair.
Consequential Damages
Damages that do not flow directly and immediately from an act but rather flow from the results of the act; damages that are indirect consequences of a breach of contract or certain other legal wrongs. Examples include personal injury, damage to property, and lost profits.
High Price Term
A condition or aspect of a contract that involves a significant cost or financial obligation.
Q7: A counteroffer operates as a rejection of
Q23: Discuss the concept of adequacy of consideration.
Q31: Explain three limitations on monetary damages.
Q38: A contract may condition the duty of
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Q52: With regard to the interpretation of a
Q53: Gardner sends Everet a letter offering to
Q60: Jill contracts to purchase Kevin's automobile under
Q68: A contract to pay for car repair
Q86: Ricardo posts a sign in the neighborhood