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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Contributors in Law

Law > Contracts

accrual of obligation

Law; Contracts

Continuing maturing of an obligation over time until the day the obligor must pay or perform.

accurate

Law; Contracts

Factual or truthful, or closely conforming to an objective standard ascertained through painstaking care or due diligence. Measurements or statements are accurate when they have ...

achieved cost

Law; Contracts

Alternative term for budgeted cost of work performed.

acquiescence

Law; Contracts

Action or inaction by a person that can be binding as an implied or indirect acceptance of a contract, whether or not such was his or her intention. Sale of goods received by a ...

act of law

Law; Contracts

'legal event' (such as transfer of title) triggered by, but not resulting from, the acts of individuals (such as purchase or sale of a property).

action ex contractu

Law; Contracts

Legal action arising out of a contract for breach of a duty stated in it.

action ex delicto

Law; Contracts

Legal action arising out of a contract but for a wrongful act not stated in it, such as fraud, malfeasance, or misconduct.