Can you name the Legal Terms?

created by Accountantsrus
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DefinitionWord
Promise to perform specified acts on certain terms
Litigation alternatives for resolving disputes
Formal documents of a lawsuit
Expression of willingness to do business
Claim by the defendant against the plaintiff
Price paid for a promise
In Civil Law, where case is solved by the side that seems the most credible
Doctrine whereby someone who relies on a gratuitous promise may enforce it
Customer agrees to standard set of terms that favour the other side
Rewarding a party what is owed them for the goods or services provided under contract
Party who files an appeal
A promise for which no consideration is given
When one party (plaintiff or defendant) must pay other party for a lost lawsuit
Expiration of an offer after a specified or reasonable period
Arguing to a higher court that a court decision is wrong
Withdrawal of an offer
Initiates litigation by setting out plaintiff's allegations against the defendant
Test based on how a 'reasonable person' would view the matter
Provision not expressly included in a contract, but was part of parties' intention
Rule limiting evidence a party can produce about contents of contract
Contract term which specifies payment of one party to the other in a breach
DefinitionWord
Defendant must be found guilty beyond a reasonable doubt
Assumption that parties in a contract are able to look out for their own interest
A downpayment to a lawyer
A presumption against one party that another party can seek to rebut with leading evidence to the contrary
The unconditional ratification of all of the terms of the offer
A very large number of plaintiffs
When parties agree that a contract is complete as written
Guiding principles for interpreting terms of a contract
One who is legally ordered (by a judge) to pay a debt, who has still not paid
Rejection of one offer and the proposal of a new one
When an offeror must keep an offer open for a specified time in exchange for a fee
Defendant to an appeal
Discussion used to reach a mutually acceptable resolution; transferring negotiable instruments from one person to another
Formal hearing before a judge which results in a binding decision
An event that ends contractual obligations
Contract term limiting liability in case of a breach
Process whereby each party forces the disclosure of information from the other party
Time period specified by legislation for commencing legal action
When parties' contractual obligations do not begin until an event occurs
Refusal to accept an offer
Fee based on percentage of judgment awarded, paid by client to the lawyer only if action is successful
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By the Law: Basic Legal Terms Quiz

  1. by Accountantsrus

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