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How much information can be stored in long-term memory?
Constructive Condition
A condition presumed by law to exist in a contract, even if not explicitly mentioned, to ensure fairness and fulfill the intention of the parties.
Concurrent Condition
In contract law, these are conditions that must occur or be performed at the same time by both parties involved in a contract.
Strict Performance
The requirement that a contract be executed precisely as agreed, without any deviations or allowances.
Contract Price
The total amount agreed upon by the parties involved in a contract for the sale of goods, services, or property.
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