Chapter 7 Flashcards

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1
Q

Enemy aliens

A

People residing in a country at war with the country of which they are a citizen or subject

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2
Q

Evidence in writing

A

Any document that provides information or proof

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3
Q

Executed contract

A

A fully performed contract; a contract at the stage when both parties have performed or fulfilled their obligations

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4
Q

Executory contract

A

A contract yet to be performed; a contract at the stage when an agreement has been made but before performance is due

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5
Q

Goodwill

A

A business’s reputation and ongoing relations with customers and product identification

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6
Q

Infants

A

Persons under the age of majority; minors

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7
Q

Necessaries

A

The essential goods or services required to function in society, such as food, clothing and shelter

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8
Q

Partially executed contract

A

A contract at the stage when one party has performed and the other has not

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9
Q

Public policy

A

The public good; some acts, though not illegal, will not be enforced by the courts because they are socially distasteful

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10
Q

Repudiation

A

An indication by one party to the other that there will be a failure to honour the contract (the expression of which can be expressed or implied)

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