FIN 331 Lecture Notes - Lecture 7: W. M. Keck Observatory, Specific Performance
4 Apr 2016
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Court will interpret the contract based upon the terms of the contract and not allow any oral evidence to enter into to explain or modify. If there is ambiguity in the contract then the previous rules apply. Didn"t sign the lease but is taking on the responsibility. Bride/groom contract with photographer photographer assigns photographer 2: bride/groom doesn"t have to accept, contract with photographer, photographer 2 has the same duties as photographer 1. Can have an anti-assignment clause in the contract. Novation: homeowner hires painter to paint the house, painter says i can"t do it but painter 2 can, if homeowner agrees to substitute a party for the contract with the approval of the homeowner. Accord and satisfaction: plaintuff and defendant. Defendant says that i can"t give you right not but i can give you . Plaintiff is willing the take something less. In va is the defendant defaults on the then the plaintiff can only recover the .
