| A | B |
|---|
| Accord and Satisfaction | substitute one contract for another |
| Actual Damages | directly attributed to injury |
| Assignment | transfers rights |
| Bilateral | contains two promises |
| Breach of Contract | one party fails to fulfill contract |
| Complete Performance | parties fulfill all parts of a contract |
| Contract | any agreement enforceable by law |
| Damages | payment recovered for injury |
| Delegation | transfer of a duty |
| Discharged | contract comes to an end |
| Express | stated in words (oral or written) |
| Implied | comes about by actions with no words |
| Impossibility of Performance | something prevents the performance |
| Incidental Damages | reasonable expenses resulting from a breach |
| Injunction | prevent a party from performing an act |
| Liquidated Damages | Agreed upon prior to contract |
| Mitigation of Damages | minimizing potential damages |
| Mutual Release | two parties agree to end contract |
| Nominal Damages | prove legal injury but no damages |
| Novation | original party is replaced |
| Parol Evidence Rule | ensures that all parts are in writing |
| Performance | parties fulfill terms of the contract |
| Privity of Contract | relationship between parties |
| Punitive Damages | punish above and beyond actual injuries |
| Specific Performance | order contract to be fulfilled |
| Statute of Frauds | contracts required to be in writing |
| Statute of Limitations | time limit on legal action |
| Substantial Performance | slightly less than complete performance |
| Unenforceable | court will no uphold due to some rule of law |
| Unilateral | contains one promise |
| Valid | legally good |
| Void | no legal effect |
| Voidable | party is able to void contract |
