today:
37
yesterday:
158
Total:
1,001,291

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
261 TEST 25 2019.03.27 106
260 Real Estate Law 16 2019.05.06 106
259 Real Estate Law 86 2019.05.15 106
258 Founders 2018.11.14 107
257 Acting Without a License 2019.02.28 108
256 void contract 2019.05.22 108
255 Leasehold Estates in Real Estate 2019.04.01 109
254 Real Estate Law 35 2019.05.08 109
253 Real Estate Law 38 2019.05.08 109
252 Real Estate Law 75 2019.05.13 109
251 Real Estate Law 106 2019.05.17 109
250 Real Estate Law 61 2019.05.11 110
249 Chapter 17 Conclusion 2019.03.10 111
248 Real Estate Law 11 2019.05.05 111
247 Real Estate Law 8 2019.05.05 112
246 Chapter 8 Quiz 2019.03.04 113
245 Real Estate Practice -1 (Understanding-Answers) 2019.04.11 113
244 Real Estate Law 15 2019.05.06 113
243 Real Estate Law 68 2019.05.12 113
242 Equitable title 2019.05.22 114
241 SAMPLE EXPRESSION FOR ROUTE 2022.09.05 114
240 Streets of Orange County named after people: 2018.11.14 115
239 Chapter 7 Conclusion 2019.04.14 115
238 Law 6 2019.05.03 115
237 Chapter 4 Quiz 2019.04.13 117
236 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 117
235 TEST 21 2019.03.25 118
234 Law 4 2019.05.03 118
233 Property taxes in California 2019.05.22 118
232 TEST 20 2019.03.25 119