Examlex
Despite the end of the Cold War, many people still worry about new threats to world peace and security. What are these threats? How has the international community dealt with them?
Simple Contract
A contract that can be either oral or written, as opposed to a formal contract which requires a special form or method of creation.
Informal Contract
An oral or written contract that is not under a seal or is not a contract of record. Also called simple contract.
Quasi-Contract
An obligation imposed by the law to avoid injustice, even though no true contract exists between the parties.
Duty to Mitigate Damages
The legal principle requiring a party suffering loss as a result of a breach of contract to take reasonable action to minimize the financial harm.
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