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6 relations: Contract, Damages, Expectation damages, Reliance damages, Spot contract, Uniform Commercial Code.
Contract
A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.
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Damages
In law, damages are an award, typically of money, to be paid to a person as compensation for loss or injury.
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Expectation damages
Expectation damages are damages recoverable from a breach of contract by the non-breaching party.
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Reliance damages
Reliance damages is the measure of compensation given to a person who suffered an economic harm for acting in reliance on a party who failed to fulfill their obligation.
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Spot contract
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date.
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Uniform Commercial Code
The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been put into law with the goal of harmonizing the law of sales and other commercial transactions across the United States of America (U.S.) through UCC adoption by all 50 states, the District of Columbia, and the U.S. territories.
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