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