Examlex
The F test of two population variances is extremely robust to the violations of the assumption that the populations are normally distributed.
Fundamental Breach
A serious violation of a contract that permits the aggrieved party to terminate the agreement and sue for damages.
Exemption Clause
A part of a contract that seeks to limit a party's liability for breaches of the contract or negligence, often subject to legal restrictions.
Bailment Contract
An agreement where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.
Contract Frustration
A legal principle that releases both parties from their contractual obligations when an unforeseen event renders the contract physically or commercially impossible to perform.
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