Examlex
Which of the following is not an explanation of why a company would operate at less than theoretical capacity?
Recognizance
An obligation in which a party acknowledges in court that he or she will perform some specified act and/or pay a price on failure to do so.
Formal Contract
A legally binding agreement that requires a specific form, such as being in writing, to be valid.
Bond
A fixed income investment in which an investor loans money to an entity that borrows the funds for a defined period.
Restatement (Second)
A collection of model legal rules and principles meant to clarify the common law in the United States, not binding but influential.
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