By the Law: Basic Legal Terms

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Can you name the Legal Terms?

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

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Created May 22, 2011ReportNominate
Tags:definition, basic, law, legal, term