| A | B |
|---|
| bankruptcy | legal proceedings discharging debts and distributing assets |
| compensatory damages | amount awarded for actual damages |
| consequential damages | amount awarded for anticipated damages |
| decree for specific performance | court order for defendant to perform contractual duty |
| liquidated damages | damages agreed to before breach of contract |
| mitigate | to reduce if reasonably possible |
| nominal damages | token amount awarded when rights have been violated but no actual injury |
| offset | deducting cost of completing minor breach from contractual price |
| punitive damages | court award to punish and make example of defendant |
| remedy | enforcing a right to compensate for an injury |
| rescission | backing out by giving back received and asking for given |
| restitution | making good a loss |
| statute of limitations | state laws setting time limit for lawsuit |
| waiver | explicit and intentional giving up of contractual right |
