Where a party in a contract performs on the overwhelming majority of the contract but, through no fault of its own, cannot complete the entire performance as specified and may deviate slightly from that which was agreed. A court may award such a party compensation since a denial for a minor breach would bring about an unfair result. … [Read more...] about SUBSTANTIAL PERFORMANCE
SUBSTANTIAL COMPLETION
Where a construction or a performance contract is almost fully completed and sufficient for a certain purpose. … [Read more...] about SUBSTANTIAL COMPLETION
SUBSTANTIAL DAMAGES
A sum, assessed by way of damages, which is worth having; opposed to nominal damages, which are assessed to satisfy a bare legal right. Wharton. … [Read more...] about SUBSTANTIAL DAMAGES
SUBSTANCE
evidence. That which is essential; it is used in opposition to form. 2. It is a general rule, that on any issue it is sufficient to prove the substance of the issue. For example, in a case where the defendant pleaded payment of the principal sum and all interest due, and it appeared in evidence that a gross sum was paid, not amounting to the full interest, but accepted by the … [Read more...] about SUBSTANCE
SUBSIDY
A sum of money provided to a party to further an activity, interest or endeavor. May refer to government grants which are paid to private persons or entities to assist in furthering an enterprise or endeavor which is deemed beneficial to the public. Law Dictionary - Alternative Legal Definition In English law. An aid, tax, or tribute granted by parliament to the king for the … [Read more...] about SUBSIDY