Examlex
Suppose the production of a good results in positive externalities. If output occurs at the intersection of the marginal social benefits curve and the supply curve, then
Real Defense
A legitimate legal defense that can be used to nullify a claim irrespective of the original contract's validity.
Holder in Due Course Rule
A legal principle that protects the purchaser of a negotiable instrument from certain claims and defenses in collecting the payment.
Consumer Credit Contracts
Agreements between borrowers and lenders where the former receives certain amount of credit from the latter for purchasing goods or services.
Claims and Defenses
Legal terms referring to the assertions made by a plaintiff to seek relief and the arguments put forth by a defendant to counter such claims.
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