Acceleration Clause (Contracts) - Explained
What is an Acceleration Clause in a Contract?
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What is an Acceleration Clause?
An acceleration clause is a contract provision that permits a lender to demand an entire amount owed on a loan when the borrower breaches a loan agreement. Acceleration clause or contract commonly occur in real estate, mortgages, and other loan or debts agreement. Basic criteria for repayment of loan are usually outlined in the acceleration clause.
- When is a party's Duty of performance?
- What is an Executed contract vs an Executory contract?
- What is Performance, Substantial Performance, and Breach of a contract?
- What is performance of a Divisible Contract?
- When is a party's duty of performance discharged?
- What are conditions to Contract (Precedent & Subsequent)?
- What is tender performance of a contract?
- What are Impossibility and Impracticability
- What is a Frustration of Purpose?
- Waiver or Release from Contract
- What is a Breach of Contract?
- What methods exist for resolving a breach?
- What remedies exist for a breach of contract?
- What is Efficient Breach?
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