QUESTION 1 Match the 20 statements with the 20 vocabulary terms provided. D. + Conveyance or transfer of property, or a right, to another. A. Alienation T. + The voluntary relinquishment or abandonment--express or implied--of a legal B. Delegatee right or advantage. C. Incidental beneficiary C. * A person or entity not intended to benefit from a contract and thus one who does D. Assignment not acquire rights under the contract S. * Court-ordered remedy requiring precise fulfillment of a legal or contractual E. American Rule obligation when monetary damages are inappropriate or inadequate. F. Anticipatory repudiation B. # The party to whom a duty is delegated. G. Breach of contract R. + Return or restoration of some specific thing or condition. H. Commercial impracticability Q. # Principle requiring a plaintiff, after an injury or breach of contract, to use ordinary I. Concurrent conditions care to alleviate the effects of the injury or breach. J. Condition precedent P. + An amount contractually stipulated as a reasonable estimation of actual damages to be recovered by one party if the other party breaches. K. Frustration of purpose L. + The act of substituting for an old contract a new one that either replaces an L. Novation existing obligation with a new obligation or replaces an original party with a new M. Tender party. N. Consequential damages A. * The transfer of rights or property. O. Incidental damages M. + An unconditional offer of performance to satisfy a debt or obligation. P. Liquidated damages E. + Protocol that says the first assignee has priority, aka the majority rule. Q. Mitigation of damages K. + Doctrine that says if the entire performance of a contract becomes R. Restitution fundamentally changed without any fault by either party, the contract is considered terminated. S. Specific Performance J. + Act or event, other than a lapse of time, that must exist or occur before a duty to T. Waiver perform a promised performance arises. 1. A condition that must occur or be performed at the same time as another condition; the performance by each party being separately operative... N. + Foreseeable loss that results from a party's breach of contract. (Also referred to as special F. + Rejection of a contractual duty before the time for performance, giving the injured party an immediate right to damages G. * Violation of a contactual obligation, either by failing to perform or by interfering with the other party's performance. H. * The occurrence of a contingency whose nonoccurrence was an assumption in the contract, as a result of which one party cannot perform. O. + Expenses that are caused directly by a breach of contract, such as those incurred to obtain performance from another source
