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Law: Difference between revisions
→Business Negotiations and Contracts - Week 49: adding translations
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== Business Negotiations and Contracts - Week 49 == | == Business Negotiations and Contracts - Week 49 == | ||
'''remedy''' == '''[[w:Financial compensation|compensation]]''' == '''[[w:damages|damages]]''' | * '''remedy''' == '''[[w:Financial compensation|compensation]]''' == '''[[w:damages|damages]]''' ( [[w:fi:vahingonkorvaus]] ) | ||
'''damage''' != '''[[w:damages|damages]]''' | * '''damage''' ( [[w:fi:vahinko]] ) != '''[[w:damages|damages]]''' | ||
'''[[w:pecuniary|pecuniary]]''' ( money ) vs. non-monetary relief | '''[[w:pecuniary|pecuniary]]''' ( money ) vs. non-monetary relief | ||
'''[[w:expectation damages|expectation damages]]''' are [[w:damages|damages]] recoverable from a [[w:breach of contract|breach]] of [[w:contract|contract]] by the non-breaching party. It originates from an injured party's interest in realizing the value of the expectancy that was created by the promise of the other party. ( Wikipedia ) | '''[[w:expectation damages|expectation damages]]''' are [[w:damages|damages]] recoverable from a [[w:breach of contract|breach]] of [[w:contract|contract]] by the non-breaching party. | ||
::It originates from an injured party's interest in realizing the value of the expectancy that was created by the promise of the other party. ( Wikipedia ) | |||
The most common test of proximate cause under the American legal system is '''[[w:Proximate_cause#Foreseeability|foreseeability]]'''. It determines if the harm resulting from an action was reasonably able to be predicted. ( Wikipedia ) | The most common test of proximate cause under the American legal system is '''[[w:Proximate_cause#Foreseeability|foreseeability]]'''. It determines if the harm resulting from an action was reasonably able to be predicted. ( Wikipedia ) | ||
'''[[w: | '''[[w:General damages|General damages]]''', sometimes styled [[w:hedonic damages|hedonic damages]], compensate the claimant for the non-monetary aspects of the specific harm suffered. ( Wikipedia ) | ||
* In [[w:contract law|contract law]], '''rescission''' ( [[w:fi:purkaminen]] ) ( verb [[w:rescind|rescind]] ( purkaa )) has been defined as the unmaking of a contract between parties. Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract (the ''[[w:status quo|status quo]] ante''). ( Wikipedia ) | |||
'''[[w:Status quo ante|Status quo ante]]''' is [[w:Latin|Latin]] for "the way things were before" and incorporates the term [[w:status quo|status quo]]. ( Wikipedia ) | '''[[w:Status quo ante|Status quo ante]]''' is [[w:Latin|Latin]] for "the way things were before" and incorporates the term [[w:status quo|status quo]]. ( Wikipedia ) | ||
The law of '''[[w:restitution|restitution]]''' is the law of gains-based recovery. It is to be contrasted with the [[w:damages|law of compensation|]], which is the law of loss-based recovery. ( Wikipedia ) | The law of '''[[w:restitution|restitution]]''' is the law of gains-based recovery. It is to be contrasted with the '''[[w:damages|law of compensation|]]''' , which is the law of loss-based recovery. ( Wikipedia ) | ||
In [[w:criminal law|criminal law]], '''[[w:fraud|fraud]]''' is [[w:Intent (law)|intentional | In [[w:criminal law|criminal law]], '''[[w:fraud|fraud]]''' ( [[w:fi:Petos]] ) is [[w:Intent (law)|intentional]] ( [[w:fi:tahallisuus]] ) [[w:deception|deception]] made for personal gain or to damage another individual; the related adjective is '''fraudulent''', and verb is '''defraud''' ( Wikipedia ) | ||
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== Business Negotiations and Contracts - Week 50 == | == Business Negotiations and Contracts - Week 50 == | ||