Koofers

Lecture Notes for LGLS 211 - The Legal Environment of Business with Boggio at Bryant (BU)

Notes Information

Material Type:Outline
Professor:Boggio
Class:LGLS 211 - The Legal Environment of Business
Subject:Legal Studies
University:Bryant University
Term:Fall 2009
Keywords:
  • Condition Concurrent
  • Material Breach
  • Commercial Impracticability
  • Concurrent Conditions
  • Accord and Satisfaction
  • Performance
  • Statute of Limitations
  • Satisfaction
  • Repudiation
  • Entire Contract
Login / Sign Up to View Document
Preview Page 1Preview Page 2

Sample Document Text

Chapter 17 Performance, Breach, and Discharge Conditions – Definition of a Condition: an event whose happening or non-happening affects a duty of performance – Express Condition: contingency explicitly set forth in language ○ Satisfaction: express condition making performance contingent upon one party’s approval of the other’s performance ○ Subjective Satisfaction: approval based upon a party’s honestly held opinion ○ Objective Satisfaction: approval based upon whether a reasonable person would be satisfied – Implied in Fact Conditions: contingency understood by the parties to be part of the agreement, though not expressed – Implied in law Conditions: contingency not contained in the language of the contract but imposed by the law; also called a constructive condition – Concurrent Conditions: conditions that are to take place as the same time – Conditions precedent: an event that must or must not occur before performance is due – Conditions Subsequent: an event that terminates a duty...

Related Documents

Third Party Beneficiary Exam
Void Agreement Notes
Standing Plans Notes
Excommunication Notes
Incongruity Notes
Physical Wellness Notes
Physical Wellness Notes
Physical Wellness Notes
Physical Wellness Exam
Invitation for Bids Notes
Characteristics of the Message Notes
Underpayment Inequity Notes
Strategic Marketing Planning Notes
Customer Equity Notes
Grandfather/grandmother Notes
Social Marketing Concept Notes
155, "/var/app/current/tmp/"