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부동산

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. 

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.

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200 Chapter 13 Quiz 2019.04.27 199
199 Chapter 13 Conclusion 2019.04.27 200
198 Real Estate Practice - 30 (Understanding-Answers) 2019.04.27 64
197 Real Estate Practice - 29 (Understanding-Answers) 2019.04.27 62
196 Real Estate Practice - 28 (Understanding-Answers) 2019.04.26 97
195 Chapter 12 Quiz 2019.04.26 282
194 Chapter 12 Conclusion 2019.04.26 171
193 Real Estate Practice - 27 (Understanding-Answers) 2019.04.26 80
192 융자 프로그램의 종류 2019.04.26 60
191 Real Estate Practice - 26 (Understanding-Answers) 2019.04.26 62
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189 Chapter 11 Quiz 2019.04.16 218
188 Chapter 10 Conclusion 2019.04.16 91
187 Real Estate Practice - 24 (Understanding-Answers) 2019.04.16 51
186 Real Estate Practice - 23 (Understanding-Answers) 2019.04.16 76
185 Chapter 10 Quiz 2019.04.16 168
184 Chapter 10 Conclusion 2019.04.16 96
183 Real Estate Practice - 22 (Understanding-Answers) 2019.04.16 83
182 Real Estate Practice - 21 (Understanding-Answers) 2019.04.16 55
181 Chapter 9 Quiz 2019.04.15 163
180 Chapter 9 Conclusion 2019.04.15 73
179 Real Estate Practice - 20 (Understanding-Answers) 2019.04.15 78
178 Real Estate Practice - 19 (Understanding-Answers) 2019.04.15 50
177 Chapter 8 Quiz 2019.04.14 718
176 Chapter 8 Conclusion 2019.04.14 821
175 Real Estate Practice - 18 (Understanding-Answers) 2019.04.14 32
174 Preparing Your Website 2019.04.14 41
173 Real Estate Practice - 17 (Understanding-Answers) 2019.04.14 41
172 Chapter 7 Quiz 2019.04.14 177