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Employing a Lawyer to Draft and Enforce a Private Contract

question 204

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Employing a lawyer to draft and enforce a private contract between parties wishing to solve an externality problem is an example of


Definitions:

Seeking

The process of actively looking for or attempting to obtain something, such as information, resources, or fulfillment.

Apologizing

The act of expressing regret or sorry for one's actions or words, often used as a means to mend or maintain social relationships.

Guilty

A legal term denoting that someone has been found responsible for committing a crime or offense, or a feeling of having done wrong or committed a misdemeanor.

Acquaintances

Individuals known by someone, but usually not close friends.

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