Examlex
Which 1868 amendment's passage allowed the potential for the application of the Bill of Rights to the states which adds several restrictions on what the states can do?
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another, often leading to an imbalance in the transaction.
Product Reviews
Evaluations or assessments of a product's performance, quality, and usefulness, typically written by consumers or experts.
Moral Hazard
The situation in which one party takes greater risks because another party bears the cost of those risks, often seen in insurance and financial sectors.
Contract Parties
The entities involved in a contractual agreement, typically including at least one offeror and one offeree.
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