Examlex
A supply shock causes the long-run aggregate supply curve to shift left,decreasing the price level.
Good Faith
The principle of entering into agreements or negotiations with honest intentions without intending to defraud the other party.
Indemnify
To compensate for harm or loss suffered, or to protect someone by promising to cover any damages or losses they might incur.
Exercise Care
The obligation to act with the prudence, caution, and attentiveness of a reasonable person in order to avoid harm to others.
Duties Under Tort Law
Obligations recognized by law for individuals or entities to avoid causing harm or injury to others, breach of which may result in liability.
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