Examlex
Define the following two terms: peak capacity and effective capacity.
Voidable Option
A contract provision that allows one party to void the contract under certain circumstances, making it enforceable at the discretion of one party.
Status Quo
The existing state of affairs or current condition or situation, which is often maintained or referred to in discussions of change.
Contract Creation
The process of forming an agreement between parties that is legally enforceable.
Disaffirm
To express denial or contradiction of a previous statement, belief, or agreement.
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