Examlex
Recessions are typically characterised by points:
Specific Performance
A legal remedy requiring a party to perform a specific act, usually fulfilling a contractual agreement, rather than paying damages for failing to perform.
Risk of Loss
The liability for damage or destruction of goods, determining which party bears the financial burden if goods are damaged before delivery.
Risk of Loss
The chance that an asset might be lost, stolen, or damaged, and the question of who bears this risk under the terms of a contract.
Pleadings Provided
Legal documents submitted by parties in a lawsuit that set forth the claims, defenses, and other legal arguments involved in the dispute.
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