Final Flashcards
What is a strict liability crime?
One without a mental element
What is workers compenation?
A no fault system for workplace injuries
What is libel?
defamatory falst statements about others
What is negligence per se?
The level of care is defined by the statute, for forseeability of injury
What is the difference between a condition and a promise?
A condition is necessary for a contract to go through
What are the three types of conditions?
Precedent
Subsequent
Concurrent
What are compensatory damages?
When you sue for the benefit of the bargain. Put nonbreaching party in as good of postion, as if contract had been performed
What are punitive damages?
meant to punish other party, generally not available in breach of contract
What are consequential damages?
have to know, in order to assume responsibility
What are liquidated damages?
for a certain amount, if contract is breached
What is cover?
equivalant item, buyer’s substitute transaction
What is resale?
seller substitutes transaction (sells somewhere else)
What is an injunction?
equitable remedy-You can’t do “that’ e.g. non compete
What is specific performance?
you want what was bargained for. not available for personal service contracts
What happens in assignment law?
promise is transferred, and carries all baggage, subject to claims and defenses
