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Sue asked three of her friends after class if they thought the test they just finished taking was as easy as she thought it was. They all agreed that it was. She was surprised to find out the next day that although she and her friends had indeed done well, a majority of the class had failed. Why shouldn't Sue have been surprised?
Fundamental Breach
A severe violation of a contract that permits the aggrieved party to terminate the agreement and possibly seek compensation for damages.
Exemption Clause
A contractual term that limits one party's liability for breach of contract, negligence, or other unforeseen circumstances.
Extra Consideration
An additional benefit or payment required to finalize an agreement or contract, beyond the initially agreed terms.
Contract Discharge
The conclusion of a contractual obligation, either through completion of the contract terms, mutual agreement, or other legal methods.
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