Examlex
In a large class, each student's opportunity cost of taking an exam is likely to be the same.
Doctrine of Substantial Performance
A legal principle that allows a contracting party to enforce the contract even if there are minor breaches, provided substantial performance of the contract has been achieved.
Perfect Tender Rule
A principle in the Uniform Commercial Code allowing a buyer to demand a full compliance with the contract terms for goods.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, designed to standardize and simplify the laws across the states.
Valid Title
A legal term indicating that a title to a piece of property is legally effective, with the holder having rightful ownership and no claims or outstanding liens against the property.
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