A subscribing witness is a person who observes the signing of a document and then signs it to confirm the signature was made in their presence. This helps to verify the document's authenticity if it is later challenged. For example, when someone signs a will, a subscribing witness may also sign to confirm they saw the person sign it voluntarily and with full understanding.
Substantial impairment is a legal standard used under UCC § 2-612 to decide whether a buyer may reject goods in an installment contract.
Substantial performance is a common law/contract law rule that compares the key terms of a contract and the overall purpose of said contract to determine if the performance of one or both parties is sufficient to satisfy the contract.
Substitution is the act of replacing one person, thing, or obligation with another. Substitution can apply across various areas of law depending on the circumstances.
Surrender value is the amount a policyholder receives when canceling or withdrawing funds from a life insurance policy or annuity before it matures or before the
Tender is to unconditionally offer money or performance to meet an obligation. The term most commonly arises in the context of the contractual sale of goods.
The tender-back rule, also known as the tender-back doctrine, is a rule that is commonly associated with waiver or release agreements in an employment context.
