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 | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
261 | Real Estate Law 84 | 2019.05.15 | 110 |
260 | Real Estate Law 106 | 2019.05.17 | 110 |
259 | TEST 25 | 2019.03.27 | 111 |
258 | Real Estate Law 54 | 2019.05.11 | 111 |
257 | Real Estate Law 78 | 2019.05.14 | 111 |
256 | Real Estate Law 35 | 2019.05.08 | 112 |
255 | Founders | 2018.11.14 | 113 |
254 | Chapter 17 Conclusion | 2019.03.10 | 113 |
253 | Leasehold Estates in Real Estate | 2019.04.01 | 113 |
252 | Real Estate Law 38 | 2019.05.08 | 113 |
251 | Real Estate Law 8 | 2019.05.05 | 114 |
250 | Real Estate Law 15 | 2019.05.06 | 115 |
249 | Real Estate Law 68 | 2019.05.12 | 115 |
248 | Real Estate Law 75 | 2019.05.13 | 115 |
247 | Equitable title | 2019.05.22 | 115 |
246 | Chapter 8 Quiz | 2019.03.04 | 116 |
245 | Real Estate Practice -1 (Understanding-Answers) | 2019.04.11 | 116 |
244 | Real Estate Law 61 | 2019.05.11 | 116 |
243 | Chapter 7 Conclusion | 2019.04.14 | 118 |
242 | Law 6 | 2019.05.03 | 118 |
241 | Property taxes in California | 2019.05.22 | 118 |
240 | Acting Without a License | 2019.02.28 | 119 |
239 | Natural Hazards Disclosure Act | 2019.04.01 | 119 |
238 | Chapter 4 Quiz | 2019.04.13 | 119 |
237 | Real Estate Practice - 36 (Understanding-Answers) | 2019.04.29 | 119 |
236 | Real Estate Law 103 | 2019.05.17 | 120 |
235 | Streets of Orange County named after people: | 2018.11.14 | 121 |
234 | TEST 21 | 2019.03.25 | 122 |
233 | SAMPLE EXPRESSION FOR ROUTE | 2022.09.05 | 122 |
232 | TEST 20 | 2019.03.25 | 123 |