Examlex
Fifty crash helmets are tested for one hundred hours per helmet. Of all the helmets tested, only one experiences a malfunction during the test. What is the failure rate for the helmets?
Secondary Obligations
In contract law, obligations that arise when a primary obligation fails or cannot be performed, often relating to compensatory measures or damages.
Enforced
Applied or implemented by force, authority, or legal requirement, ensuring compliance or adherence to laws, rules, or agreements.
Contract
A legally binding commitment between parties to perform or refrain from performing specified acts.
Promissory Estoppel
A legal principle that prohibits a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.
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