AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference | Weather

November 09, 2009  
 Earth & Environment
 Literature & Arts
 Philosophy & Religion
 Medicine
 People
 Places
 Science & Technology
 Plants & Animals
 Social Science & Law
 Sports & Everyday Life
 History
 Country Studies
A B C D E F G H I J

K L M N O P Q R S

T U V W X Y Z

 United States
 Mexico
 Canada
 Other countries
A B C D E F G H I J

K L M N O P Q R S

T U V W X Y Z

 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > Encyclopedia > Legal Terms And Concepts > contract
By Alphabet : Encyclopedia A-Z > C

contract, Legal Terms And Concepts

Related Category: Legal Terms And Concepts

While a contract is still wholly or partly unperformed it is termed executory; contracts may terminate, however, in ways other than by being fully executed. If the object of the contract becomes impossible or unlawful, if the parties make a novation (a new superseding agreement), or if the death of one party prevents that party from rendering personal services he or she had agreed to perform, the contract is terminated. The injured party may also treat the contract as a nullity if the other party refuses to perform. The law provides several remedies for breach of contract. The most usual is money damages for the loss incurred. In cases where some action other than the payment of money was contracted for, a court may grant the plaintiff an injunction ordering specific performance. If one party is unjustly enriched by a contract that he or she then repudiates legally, restitution may be required. A typical example of this is ordering a minor who revokes a contract to restore the things of value that were obtained.

Sections in this article:



The Columbia Electronic Encyclopedia Copyright © 2009, Columbia University Press.
Licensed from Columbia University Press. All rights reserved.



Topics that might be of interest to you:

age of consent
consent
damages
deed
duress
fraud
Frauds, Statute of
husband and wife
injunction
insurance
liability
negligence
negotiable instrument
tort

Related Categories:

Social Sciences and the Law > Law
[an error occurred while processing this directive]


SITE MAPS


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to AllRefer.com | Add AllRefer.com Search to your site
| Healthopedia.com  
Copyright © 2009 Par Web Solutions All Rights reserved.
Site best viewed in 800 x 600 resolution.