| A | B |
|---|
| discharged | When a contract ends, it is said to be |
| tender of performance | An offer to do what you have agreed to do under a contract is |
| accord and satisfaction | A substitution of one contract for another is |
| legal tender | Money that the law recognizes as payment of a debt is |
| complete performance | Fulfilling all terms of a contract properly and totally is called |
| mutual release | When both parties to a contract agree to terminate the contract, there is a |
| statute of limitations | The law that specifies the length of time for bringing a legal action is the |
| operation of Law | Wrongful acts of one of the parties may discharge a contract by |
| void | A contract is ______________ when it performance becomes illegal. |
| bankruptcy | Procedures for discharging a debtor's obligations are established by _____________________ laws. |
| substantial performance | Courts permit recovery under the doctrine of _______________ if they can determine that it was unfair to deny payment. |
| time is of the essence | The expression "_________________" means that time is a vital element of the contract. |
| reasonable person | When the two parties to a contract disagree on whether a job is satisfactory, the court uses the _________________ test. |
