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A sprinkler created a circular path around a hexagonal field of grain. What is the area that is watered that does not have any grain planted in it?
Accord and Satisfaction
A legal settlement in which a dispute is resolved by the parties agreeing (accord) and performing (satisfaction) a negotiated agreement, often involving a payment different from what was originally due.
Substituted Contract
An agreement that replaces an existing contract, typically with the consent of all parties involved, establishing new terms and obligations.
Novation
The act of replacing one party in a contract with another party, or altering the terms of a contract, with all parties' consent, resulting in a new agreement.
Material Breach
A significant violation of a contract that permits the other party to either compel performance, seek remedies for damages, or terminate the agreement.
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