Examlex
When state legislators concentrate the members of one party in as few districts as possible in order to ensure that their opponents will elect as few representatives as possible,it is called
Forms File
A reference file containing copies of the firm’s most commonly used legal documents and informational forms. The documents in the forms file serve as models for drafting new documents.
Moral Hazard
A situation in which one party engages in risky behavior knowing that it is protected against the risk by another party.
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.
Small Firms
Businesses often characterized by a small number of employees, limited market share, and possibly locally oriented markets.
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