Identify the Following Terms

question 58

Short Answer

Identify the following terms.
-Ethiopia

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Definitions:

Liquidated Damages

A set amount of money that is required to be paid as compensation for not fulfilling contractual obligations.

Japanese Law

The legal system in Japan, which includes a combination of civil law, local customs, and a limited influence of common law.

Express Conditions

Specific requirements explicitly stated in a contract that must be met for contractual obligations to be fulfilled.

Conditioned On

Depending on a specific requirement or prerequisite being met.