A cosigner is someone who signs a loan with another person (borrower) and agrees to pay the loan if the borrower is not able to repay it. In other words, a cosigner accepts an equal responsibility for repaying the loan.
As...
commercial activities
cost basis
Also called tax basis, cost basis is the original cost of acquiring a property (usually its purchase price plus any commissions or fees), for tax purposes. It is primarily used for computing capital gain or loss from the transfer of property...
cost of completion
Cost of completion generally refers to the expense of finishing a project, promise, or contract. Normally, cost of completion appears in contract law as a type of damages awarded to a party in a contract that another party intentionally...
counsel and procure
Counsel and procure are types of accomplice activity. Counseling and procuring a crime can lead to punishment under federal and state laws up to the punishment for the crime itself, but this is only if the person knowingly helped the person...
counteroffer
A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original...
counterpart
Counterpart is a copy or duplicate of a legal instrument. Where an instrument, especially a contract, is signed by the parties on different copies, one of the copies is the original while the others are counterparts. If the parties are in...
course of dealing
Course of dealing refers to a sequence of conduct regarding previous transactions which can reasonably be seen as evidence of a common basis of understanding between the parties.
If a television company generally includes a 30-day...course of performance
Course of performance refers to a sequence of conduct between two parties with respect to a particular transaction.
As per UCC §1-303, a course of performance exists for a given transaction if: The transaction involves multiple...court-martial
A court-martial is a legal proceeding where courts try a member of the military for offenses against military law. Courts-martial are governed by the provisions of the Uniform Code of Military Justice (UCMJ), except as otherwise provided by...
covenant
A covenant is a formal agreement or promise, usually included in a contract or deed, to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law.
An example of a contractual...