contract law
Each party is individually responsible for the entire obligation.
Joint and severally liable
monetary compensation awarded against a defendant
punitive damages
Minor terms; breach allows damages but not termination.
Warranties
a formal statement of sb's case
pleading
Terms limiting or excluding liability
Exclusion clauses
a person who has suffered direct harm loss or injury
victim
A definite expression of willingness to contract on specific terms
offer
Placing a bid in an online auction; usually treated as an offer.
Bidding on eBay
Enforceable by law; creating legal obligations
Legally binding
the individual corporation or legal entity against whom a lawsuit is filed
defendant
Something of value exchanged to make a contract binding
Consideration
Terms included by law, custom, or presumed intention, though not expressly stated.
Implied terms
the person who initiates a civil lawsuit
plaintiff
An agreement creating legally enforceable obligations
Binding agreement
Major terms; breach allows termination and damages.
Conditions
an act that creates a reasonable apprehension of harmful contact
assault
Unqualified agreement to the terms of an offer.
acceptance