Extraordinary difficulties arise that were totally unforeseen at the time the contract was formed.

Answer $1$

A contract in which one party forfeits the right to pursue a legal claim against the other.

Answer $2$

An agreement to settle an unliquidated debt by offering money in exchange for release from a legal action.

Answer $3$

A person who has reasonably relied on the promise of another may be able to obtain some recovery if the promise is broken.

Answer $4$

The value given in return for a promise.

Answer $5$

A debt amount that has been ascertained, fixed, agreed on$,$ settled, or exactly determined.

Answer $6$

The refraining $($stopping$)$ from an action that one has a legal right to undertake.

Answer $7$

This doctrine leaves it to the parties to decide what something is worth and bargain as they wish.

Answer $8$

This statute requires a creditor to sue within a specified period to recover a debt.

Answer $9$

A contractual agreement to exchange a right to sue with another legal right, such as arbitration.

Answer $10$

The amount of the debt is not settled, fixed, agreed on$,$ ascertained, or determined, and reasonable persons may differ over the amount owed.

Answer $11$

An intentional, knowing, relinquishment of a legal right.

Answer $12$

A contract where the buyer agrees to purchase from the seller all of what the seller produces, or the seller$$s output.

Answer $13$

A promise to do what one already has a legal duty to do does not constitute legally sufficient consideration.

Answer $14$

The unmaking of a contract so as to return the parties to the positions they occupied before the contract was made.

Answer $15$

When the promisor has not definitely promised to do anything.

Answer $16$

Promises made in return for actions or events that have already taken place.

Answer $17$

A contract where the buyer agrees to purchase from the seller all of the goods of a designated type that the buyer needs or requires.