Examlex
Which statement is true of arrays?
Liquidated Damages
A contractual provision that specifies a predetermined amount of money that must be paid as damages in the event of a breach of contract.
Anticipatory Repudiation
A party's declaration to not fulfill their obligations under a contract before the performance is due.
Total Breach
A complete failure to perform or fulfill contractual obligations, resulting in the termination of the contract.
Implied Covenant
An obligation between parties that is not explicitly stated in a contract but is presumed to exist to facilitate the contract's purpose and ensure fairness.
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