severable contract
| Noun | 1. | severable contract - a contract which, in the event of a breach by one of the parties, can be considered as several independent agreements expressed in a single instrument |
| 单词 | severable contract | |||
| 释义 | severable contract
severable contractseverable contractn. an agreement which is made up of several separate contracts between the same parties, such as series of sales, shipments, or different pieces of equipment. Therefore, breach of one of the separate (severable) contracts is not a breach of the remainder of the over-all contract and is not an excuse for the other party to refuse to honor any devisable part of the contract which has not been breached. Example: Whitley Widget Company has contracted with Hardy Hardware to deliver a dozen wall heaters, one ton of nails, 100 rolls of linoleum, and a truckload of roof tiles, with a price set for each type of product. Whitley no longer produces nails and cannot deliver them, but the other parts of the contract remain in force between Whitley and Hardy. (See: contract, breach of contract) severable contract
Words related to severable contract
|
|||
| 随便看 |
|
英语词典包含2567994条英英释义在线翻译词条，基本涵盖了全部常用单词的英英翻译及用法，是英语学习的有利工具。