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A contingent contract is an agreement that states which actions under certain conditions will result in specific outcomes. [1] Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions ...
The pre-existing duty rule is an aspect of consideration within the law of contract. Originating in England the concept of consideration has been adopted by other jurisdictions, including the US. In essence, this rule declares that performance of a pre-existing duty does not amount to good consideration to support a valid contract; but there ...
For example, in the 2010s, as federal and state judges struck down same-sex marriage bans across the country, many judges stayed the rulings during the appeals process. Although a state's ban was struck down, such as that of Louisiana , the stay prevented implementation of their ruling pending a higher court decision and so prevented same-sex ...
In short, every contract is incomplete for a variety of reasons and limitations. The incompleteness of a contract also means that the protection it provides may be inadequate. [5] Even if a contract is incomplete, the legal validity of the contract cannot be denied, and an incomplete contract does not mean that it is unenforceable.
The promise must be real and unconditional. This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible. Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.
The month-over-month uptick was the largest registered since June 2020. A reading under 100 indicates a weaker pace of pending contracts. ... Under the new projection, the annual median home price ...
Specific performance is an equitable remedy in the law of contract, in which a court issues an order requiring a party to perform a specific act, such as to complete performance of a contract. [1] It is typically available in the sale of land law , but otherwise is not generally available if damages are an appropriate alternative.
A New York appeals court judge has denied President-elect Donald Trump's request to delay the Jan. 10 sentencing in his criminal hush money case. Trump’s sentencing will proceed as planned on ...