Legal terms starting with P
25 terms
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- Parol Evidence RuleA rule preventing outside evidence from changing the meaning of a written contract.
- Past ConsiderationA promise made in exchange for something already done, which generally does not create a binding contract.
- PenaltyA sum of money a contract requires as punishment for breach, often unrelated to actual damages.
- Penalty ClauseA contract provision imposing a fixed monetary punishment for breach, regardless of actual damages.
- Per CapitaA way of dividing an inheritance equally among all living beneficiaries at the same level, regardless of family branches.
- Per StirpesA way of dividing an inheritance by family branch, where each branch gets an equal share regardless of how many people are in it.
- Perfect Tender RuleA seller must deliver goods that exactly match the contract terms or the buyer may reject them.
- PerformanceThe act of doing what a contract requires, such as delivering goods or paying money.
- PerjuryDeliberately lying under oath in a legal proceeding.
- Plain Meaning RuleWhen contract language is clear, courts interpret it by its ordinary meaning without looking elsewhere.
- Plea BargainA negotiated agreement where a defendant pleads guilty in exchange for reduced charges or sentencing.
- Power of AttorneyA legal document authorizing someone to act on your behalf in financial or medical decisions.
- Pre-existing DutyAn obligation a party already has that cannot serve as new consideration.
- Pre-existing Duty RuleA principle that performing an obligation you already owe is not valid consideration for a new promise.
- Privity of ContractThe legal relationship between parties who directly made a contract, limiting who can sue on it.
- Pro BonoLegal work performed without charge for the public good or those who cannot afford it.
- Pro SeRepresenting yourself in court without a lawyer.
- Probable CauseReasonable grounds to believe a person committed a crime or evidence exists.
- ProbateThe court process of validating a will and distributing a deceased person's estate.
- Probate CourtThe court that oversees the validation and execution of wills and estate administration.
- Probate EstateProperty owned by a deceased person that passes through the court-supervised probate process.
- Promissory EstoppelA doctrine that enforces a promise even without a formal contract if someone relied on it.
- ProsecutionThe government's legal action to charge and try someone for a crime.
- Public PolicyContracts that violate society's fundamental interests or values are unenforceable.
- Punitive DamagesExtra money awarded to punish wrongful conduct and deter future misconduct.