today:
52
yesterday:
158
Total:
1,001,306

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.

No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2075
Notice 부동산 용어 (A to Z) 2019.03.03 1321
291 Real Estate Law 30 2019.05.07 97
290 Real Estate Law 43 2019.05.09 97
289 Real Estate Law 79 2019.05.14 97
288 Real Estate Law 83 2019.05.15 97
287 Real Estate Law 85 2019.05.15 97
286 Chapter 14 Conclusion 2019.03.07 98
285 TEST 22 2019.03.26 98
284 Order of payments in foreclosure 2019.04.01 98
283 Real Estate Law 18 2019.05.06 98
282 Real Estate Law 67 2019.05.12 98
281 Real Estate Law 88 2019.05.15 98
280 CHAPTER 1 file 2019.02.27 99
279 Real Estate Law 19 2019.05.06 99
278 Real Estate Law 20 2019.05.06 99
277 Real Estate Law 58 2019.05.11 99
276 Literature/journalism 2018.08.26 100
275 CHAPTER 11 2019.03.06 100
274 Real Estate Law 9 2019.05.05 100
273 민사소송 소멸시효 (Statute of Limitations) 2019.04.02 101
272 Real Estate Practice -3 (Understanding-Answers) 2019.04.11 102
271 Real Estate Law 41 2019.05.09 102
270 Real Estate Law 48 2019.05.10 102
269 Real Estate Law 70 2019.05.13 102
268 Real Estate Law 84 2019.05.15 103
267 Real Estate Law 12 2019.05.05 104
266 Real Estate Law 40 2019.05.09 104
265 Real Estate Law 78 2019.05.14 104
264 Real Estate Law 54 2019.05.11 105
263 Real Estate Law 101 2019.05.16 105
262 Top 10 BEST CITIES to Live in America for 2022 (Stay to the end for extras) 2022.09.16 105