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What is the difference between nominal income and real income?
Specific Performance
A legal remedy in contract law which mandates the exact performance of an agreement, rather than a monetary award for breach.
Rescission
The act of revoking, cancelling, or annulling a contract, returning all parties to their pre-contractual states.
Restrictive Covenant
A clause in a deed or lease that limits what the owner of the land or property can do with it.
Breach of Contract
Occurs when one party in a contractual agreement fails to fulfill their obligations as specified in the contract, entitling the other party to legal remedies.
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