Legal Aspects of Business

All parties to an agreement perform their part of the bargain.

• Breach

• Performance

• Agreement

• laspe of time

This occurs when one party fails to carry out their part of the contract.

• Death

• impossibility

• Case law

• Breach

The parties to a contract may agree to discharge a contract even though all of the terms of the contract have not been met

• Breach

• Agreement

• Terminated

• Performance

A contract is terminated if it required one party to do something prohibited by law

• Discharge

• Performance

• Breach

• Impossibility

There is a period of time called "the period of limitation" that varies from country to country, which sets out the periods of time in which a specific contracts should be completed

• Breach

• Lapse of Time

• Impossibility

• Legality

Contracts can be discharged as a result of the passing of one of the parties.

• Lapse of time

• Death

• Performance

• Agreement

A proposal made by one party to another party, establishing his or her willingness to enter into a legal binding agreement.

• Performance

• Acceptance

• Offer

• Agreement

The act of agreeing to take up (accept) an offer

• Contract

• Agreement

• Case law

• Acceptance

Something of value given up by both parties as part of an agreement.

• Consideration

• Offeror

• Agreement

• Competence

Law that has been established by following decisions made by judges and courts.

• Acceptance Law

• binding Law

• Case Law

• Study Law