Examlex
It is easy to tell the difference between one pound of sand and five pounds of sand.It is more difficult to tell the differences between 500 pounds of sand and 505 pounds of sand.This comparison is consistent with ___________ law.
Material Breach
A significant violation or failure to perform one's obligations under a contract, which justifies the non-breaching party's termination of the contract.
Discharge by Performance
The termination of contractual obligations by fully executing the duties and responsibilities outlined in the contract.
Contractual Duty
A legal obligation in a contract requiring a party to act or not act in a certain way.
Statute of Limitations
A statute that establishes the deadline by which legal cases must be filed after an incident occurs.
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