Examlex
Which one of the following does not exemplify JIT used for competitive advantage?
Accord And Satisfaction
An agreement to end a contract with extra consideration to be supplied by the party benefiting from the discharge.
Discharged By Agreement
The termination of a contractual obligation or debt by mutual consent of the parties involved prior to the completion of the term specified.
Exemption Clause
A contractual term that seeks to limit or exclude one party's liability for certain breaches or scenarios.
Fundamental Breach
A severe violation of a contract that allows the aggrieved party to terminate the agreement and possibly seek damages.
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