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Match the Best Term to Each Statement by Filling in the Letter

question 35

Multiple Choice

Match the best term to each statement by filling in the letter before the term in the appropriate blank.
-____ Two or more persons engaged in or capable of face-to-face interaction.


Definitions:

Third Party

In contract law, a person who may, in some way, be affected by a contract but who is not one of the contracting parties. Also called outside party.

Due Diligence

Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or transaction with another party.

Registration Statement

A statement required by the Securities and Exchange Commission to indicate details about a business selling securities.

Cost of Repair Rule

A legal principle that allows a party suffering from property damage to recover the expenses necessary to restore the property to its pre-damage condition.

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