Examlex
Which of the following types of businesses is MOST common in the United States?
Frustrated Contract
A contract that, through no fault of either party, is unable to be fulfilled due to an unforeseen event, leading to its termination.
Implied Term
A provision not explicitly stated but understood to be included in a contract or agreement by virtue of the law or the nature of the agreement.
Continued Good Health
The ongoing state of physical and mental well-being without significant illnesses or medical conditions.
Laches
A legal doctrine used to dismiss claims where a party unjustifiably delays taking action to the detriment of another.
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