Examlex
Economists believe that individuals respond in a predictable way to changes in costs and benefits.The term that best describes this belief is
Preemptive Strike
A military or strategic attack intended to neutralize a perceived imminent threat from an opponent before that threat can harm the party making the strike.
Mutual Rescission
An agreement between two parties to terminate their contract, effectively returning them to their pre-contractual positions.
Accord and Satisfaction
Resolution of a debt obligation where the debtor offers payment lower than the total amount due and the creditor agrees, thereby settling the dispute.
Compensatory Damages
Monetary compensation awarded to a plaintiff to cover losses or injuries that result from the defendant's actions.
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