Shared Flashcard Set

Details

Flash Cards Ch. 10
Flash Cards
9
Business
10th Grade
02/13/2012

Additional Business Flashcards

 


 

Cards

Term
Breach of contract
Definition
A wrongful failure to perform one or more promises of a contract.
Term
Perjury
Definition
Making false statements.
Term
Statute of Frauds
Definition
State laws requiring that certain contracts be evidence by a writting.
Term
Memorandum
Definition
The written evidence of an agreement.
Term
Goods
Definition
Movable items, including specially manufactured items.
Term
Real Property
Definition
Land and anything permanently attached to it.
Term
Parol evidence rule
Definition
States that evidence of oral statements made before signing a written agreement that cannot be presented in court to change or add to the terms of that written agreement.
Term
Best evidence rule
Definition
The courts usually require that the original copy of a written agreement be submitted into evidence rather than any sort of copy.
Term
Duplicate originals
Definition
Copy of the original written agreement.
Supporting users have an ad free experience!