Matching Pairs BA 18 Key Terms Pt 2 Online version Ch. 9-14 Review by Ilse Reyes 1 American Rule 2 Undue influence 3 Fiduciary duty 4 Accord and Satisfaction 5 English Rule 6 Duress 7 Delegation 8 Implied Ratification 9 Mitigate damages 10 Assignment 11 Adhesion contract A contract drafted by a party in a powerful position that forces the other party to accept unfavorable conditions Use of coercion to force a person into a contract against their will The conduct of a party shows approval of a contract, even if they haven’t verbally approved it. Agreement to accept performance different from that required in the original contract The first assignee to notify the promisor receives the rights The innocent party in a breached contract has to try to minimize the damages they suffer The first assignee receives the rights Use of unlawful manipulation to get a person to agree to a contract. When a party transfers one or more duties in a contract to a third party When a party transfers one or more rights in a contract to a third party an obligation to act in the best interest of another party
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