Examlex
Why did allowing (and even requiring) participants to communicate when they played the "trucking" game (Deutsch & Krauss, 1962) fail to engender trust and cooperation? Participants __________.
Novation
The creation of a new contract through the substitution of a third party for one of the original parties to a contract by the consent of all.
Third Party
An entity not directly involved in a transaction or legal agreement but who may be affected by it.
Force Majeure
A contractual clause that frees both parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.
Contract Termination
The legally sanctioned end of a contract's validity, which can occur due to fulfillment, mutual agreement, or breach by one of the parties.
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