Performance and Forbearance
In contract language, "performance" means to do what one agreed to do. Some contracts require a party to refrain from doing something and that is called "forbearance". Contracts may include both performance and forbearance requirements.
Example of Performance:
A homeowner enters into a contract with a flooring company to have wood floors installed in his or her home. The company agrees to install certain materials within a certain timeframe and the homeowner agrees to pay a certain price at various stages of installation. Each party signs and the contract is dated. The homeowner and the company now must perform according to contract.
Example of Forbearance:
A tenant signs a lease for an apartment and agrees not to redecorate without management approval, not to park in driveways, not to leave trash on the sidewalk, and so on. The landlord agrees not to enter the apartment without appropriate notice. The tenant and the landlord must refrain from doing these things according to the lease contract.
Default and Breach
Default is to fail to do something required by law or duty. California laws protect the rights of parties who have entered into valid contracts. Those who fail to perform are in default and may be sued by the other party.
A breach is something torn or broken. In contract law, it means that someone has broken his or her word.
These terms will all come up throughout the chapter as we continue our discussion of contract law.
No. | Subject | Author | Date | Views |
---|---|---|---|---|
240 | Real Estate Law 32 | admin | 2019.05.08 | 245 |
239 | Real Estate Law 31 | admin | 2019.05.08 | 1448 |
» | Performance and Forbearance / Default and Breach | admin | 2019.05.08 | 588 |
237 | Real Estate Law 30 | admin | 2019.05.07 | 206 |
236 | Quiz 5 | admin | 2019.05.07 | 10131 |
235 | Real Estate Law 29 | admin | 2019.05.07 | 271 |
234 | Real Estate Law 28 | admin | 2019.05.07 | 231 |
233 | Real Estate Law 27 | admin | 2019.05.07 | 205 |
232 | Real Estate Law 26 | admin | 2019.05.07 | 184 |
231 | Real Estate Law 25 | admin | 2019.05.07 | 187 |
230 | Real Estate Law 24 | admin | 2019.05.07 | 200 |
229 | Real Estate Law 23 | admin | 2019.05.07 | 198 |
228 | Real Estate Law 22 | admin | 2019.05.07 | 263 |
227 | Quiz 4 | admin | 2019.05.06 | 7026 |
226 | Real Estate Law 21 | admin | 2019.05.06 | 201 |
225 | Real Estate Law 20 | admin | 2019.05.06 | 212 |
224 | Real Estate Law 19 | admin | 2019.05.06 | 215 |
223 | Real Estate Law 18 | admin | 2019.05.06 | 216 |
222 | Real Estate Law 17 | admin | 2019.05.06 | 216 |
221 | Real Estate Law 16 | admin | 2019.05.06 | 221 |