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Promisee
The promisee is the person receiving the promise from the promisor or An individual to whom a promise is made.
Legal Representative
In its broadest sense, one who stands in place of, and represents the interests of, another. A person who oversees the legal affairs of another person. Examples include the executor or administrator of an estate and a court appointed guardian of a minor or incompetent person
Third Party
A third party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been a party to the contract. This right arises where the third party is the intended beneficiary of the contract, as opposed to an incidental beneficiary. It vests when the third party relies on or assents to the relationship, and gives the third party the right to sue either the promisor or the promisee of the contract, depending on the circumstances under which the relationship was created
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What else can I help you with?
How do you evaluate performance in a contract?
performance under a contract must be exactly as it was outlined in the contract
Does delay of time for performance lead to breach of contract?
No, normally there is no expectation of a time limit on the performance of a contract. If there is, it must be negotiated at the time the contract is formed
What Is partial performance legal?
Generally, complete performance is required to discharge the contract. Anything less is called 'Partial' performance and amounts to a breach of contract.
What is substantial contract performance?
A performance of the term of a contract that is deficient in some minor way. Court decides whether contract is discharged. Innocent party does not have to pay for what was not done.
Explain the difference between complete and substantial performance?
Complete performance under a contract is when a party performs exactly as they were supposed to under the contract. Substantial performance is when a party performed but there was a minor deficit in their performance
What is Contract compliance?
Contract compliance is when a party follows the conditions of a contract. Successful performance and completion of a contract is known as compliance.
How is a contract discharged by tender of performance?
the parties do what they said they would do under the contract
Can you provide me with some legal demand letter examples?
Legal demand letters are formal letters sent to demand action or payment from another party. Here are some common examples of legal demand letters: Demand for payment of a debt Demand for return of property Demand to cease and desist from certain actions Demand for performance of a contract Demand for compensation for damages These letters typically outline the issue, the desired resolution, and a deadline for compliance. It is important to seek legal advice when drafting or responding to a legal demand letter.
What are the similarities of breach of contract and frustration of contract?
Frustration is when something happens that makes it impossible to perform the contract or makes it so that performance of the contract would undermine the purpose of the contract, whereas breach is caused by a non-performance under the contract.
How can a contract be discharged by performance?
When the parties bound by the contract perform exactly as the contract stated they should, so there is nothing more to do under the contract
Can a used-car dealership demand a large downpayment 2 weeks after the contract has been signed and the car has been driven away from the car lot?
If it was written in the contract, yes. If it was not written in the contract then this would be an unfair demand and not binding.
What is specific performance of contract and under which circumstances specific performance not granted?
Specific performance is when the court orders someone who is in breach of contract to do what they said they would do under the contract. Specific performance is not granted if the contractual breach can be remedied with damages, or if it is a personal service.
