Examlex
Describe some useful starting points on the Web for finding links related to local, state, federal, and other law and for finding U.S.federal law.
Uninformed Party
An individual or entity in a transaction who lacks pertinent information or knowledge that the other party may possess, leading to a potential imbalance in the transaction.
Informed Party
An individual or entity that possesses full knowledge of the pertinent facts and information related to a specific transaction or situation.
Information Asymmetry
A situation in which one party in a transaction has more or superior information compared to another party.
Worker
An individual engaged in a specific activity or labor, especially for pay.
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