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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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Notice 부동산 용어 (A to Z) 2019.03.03 1336
290 Real Estate Practice -5 (Understanding-Answers) 2019.04.12 46
289 Chapter 2 Quiz 2019.04.12 214
288 Real Estate Practice -6 (Understanding-Answers) 2019.04.12 63
287 Real Estate Practice - 7 (Understanding-Answers) 2019.04.12 66
286 Real Estate Practice - 8 (Understanding-Answers) 2019.04.13 57
285 Chapter 3 Quiz 2019.04.13 330
284 Real Estate Practice - 9 (Understanding-Answers) 2019.04.13 49
283 Using the Internet 2019.04.13 46
282 Real Estate Practice - 10 (Understanding-Answers) 2019.04.13 45
281 Chapter 4 Quiz 2019.04.13 119
280 Real Estate Practice - 11 (Understanding-Answers) 2019.04.13 46
279 Real Estate Practice - 12 (Understanding-Answers) 2019.04.13 47
278 Chapter 5 Conclusion 2019.04.13 43
277 Chapter 5 Quiz 2019.04.13 497
276 Real Estate Practice - 13 (Understanding-Answers) 2019.04.13 62
275 Real Estate Practice - 14 (Understanding-Answers) 2019.04.13 43
274 Chapter 6 Conclusion 2019.04.13 58
273 Chapter 6 Quiz 2019.04.13 545
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271 Real Estate Practice - 16 (Understanding-Answers) 2019.04.14 68
270 Chapter 7 Conclusion 2019.04.14 118
269 Chapter 7 Quiz 2019.04.14 177
268 Real Estate Practice - 17 (Understanding-Answers) 2019.04.14 41
267 Preparing Your Website 2019.04.14 41
266 Real Estate Practice - 18 (Understanding-Answers) 2019.04.14 32
265 Chapter 8 Conclusion 2019.04.14 821
264 Chapter 8 Quiz 2019.04.14 718
263 Real Estate Practice - 19 (Understanding-Answers) 2019.04.15 50
262 Real Estate Practice - 20 (Understanding-Answers) 2019.04.15 78