Examlex
A majority of states have a minimum wage that is higher than the federal minimum wage.
Valid Contract
An agreement between two or more parties that is enforceable by law, containing all necessary elements like offer, acceptance, consideration, and legality of purpose.
Voluntary
Pertains to actions or decisions made by an individual or entity based on their own will without external coercion.
Knowing
Possessing knowledge, awareness, or understanding, particularly in contexts where such awareness implies responsibility or acknowledgment of facts.
Duress
The act of compelling someone to act against their will by using force, threats, or coercion, which can render a contract voidable.
Q7: The presence of externalities favors _ and
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