CE Law Midterm Exam

a method of dispute resolution where a private tribunal determines the resolution of a dispute between the Parties to a contract.

a secret or something that should not be disclosed except under specified circumstances.

the benefit given by each Party to a contract to the other Party in exchange for the contractual promise of another Party to the contract.

a special type of legally binding and enforceable contract that does not require Consideration to pass from one Party to another.

a collective name for all those tangible things that a Party to a contract is required to supply, often by an agreed date.

a contractual obligation on a Party to a contract to compensate for any loss another Party to the contract may suffer in the circumstances that are the subject of the Indemnity, such as payment of reasonable court costs in the settlement of a contractual dispute.

a court order sought by a Party to a contract to make another Party to the contract do or stop doing something.

a Party to a contract's legal obligation, on its Breach of Contract, to compensate another Party to the contract for any harm so caused.

the formal dissolution of a business by the sale or transfer of its assets to pay a debt.

something which must or must not be done by one or more Parties to a contract.