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CPCU 530 ch 2

Horizontales
Something of value or bargained for and exchanged by the parties to a contract
The charging of an illegally high interest rate on a loan
A payment awarded by court to reimburse a victim for actual harm
The transfer of rights or property
Legally enforceable agreement in which each party makes some promise to the other
A payment awarded by a court that exceeds the usual contract damages for a breach of contract
An offer to perform one's duties under a contract
The relationship that exists between parties to a contract
A model code adopted in whole or part, by each state, to provide a consistent legal basis for business transactions throughout the US and its territories. I
The act of giving up, or the promise to give up a legal right
The substitution of a third party for one of the original parties to a contract, releasing the original party from rights and obligations under the contract
A contract in which only one party makes a promise or undertakes the requested performance
An intentional misrepresentation resulting in harm to a person or an organization
Verticales
A proposal an offeree makes to an offeror that varies in some material way from the original offer, resulting in rejection of the original offer and constituting a new offer
When a promisor's duty to perform is discharged, if after the contract has been formed, performance becomes objectively impossible.
The use of restraint, violence, or threats of violence to compel a party to act contrary to his or her wishes or interests
When a party has the basic or minimal ability to do something and the mental ability to understand problems and make decisions
A court ordered equitable remedy requiring a party to act or refrain from acting
A payment awarded by a court to punish a defendant for reckless, malicious act
A party's unequivocal indication before a contract performance is due that he will not perform when performance is due
A party's refusal to meet obligations under a contract
The party to a contract who makes the assignment
Failure, without legal excuse, to fulfill a contractual promise
An agreement that never reaches contract status, and is therefore, not legally enforceable or binding