Examlex
Unlike regular indifference curve analysis,that involving the labor consumption trade-off only includes income effects (not substitution effects)because labor only generates income.
Material Breach
A significant violation or failure to comply with a contractual duty, which can lead to the contract's termination.
Minor Breach
A violation of a contract that does not significantly harm the intent of the agreement, allowing the contract to still be fulfilled.
Architect LLC
Refers to a limited liability company operating in the architectural sector, offering professional design services.
Discharged
Released from a contract, obligation, or debt; in legal terms, it often refers to a debt being forgiven or a prisoner being released.
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