Examlex
Babe Ruth could produce two home runs in a week of play as a fielder or one win in a week of play as a pitcher. What was his opportunity cost of a week of fielding?
Contractual Obligations
Duties that parties are legally bound to perform as per the terms of a contract.
Injunction
A judicial directive mandating that a person or organization either perform or halt a particular act.
Punitive Damages
Monetary compensation awarded in lawsuits intended to punish the defendant for particularly harmful behavior and deter future misconduct.
Anticipatory Repudiation
Occurs when one party to a contract communicates their intention not to fulfill their obligations under the contract before they are due.
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