Examlex
A zookeeper finds that a flock of geese follow her wherever she moves because she was the first object that they saw after hatching. What is this situation an example of?
Breaching The Lease Agreement
Breaching the lease agreement refers to failing to comply with the terms laid out in a lease contract, which can lead to legal consequences and penalties.
Promissory Breach
Occurs when a party indicates by their actions, or explicitly states, that they will not fulfill their obligations under a contract.
Implied Warranty
A guarantee embedded in transactions by law, based on the assumption that a product will meet certain standards of quality and reliability.
Escrow Account
A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.
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