Examlex
If the price elasticity of supply is 2 and the quantity supplied decreases by 6%, then the price must have decreased by 3%.
Enforceable
Able to be enforced or maintained through legal proceedings.
American Rule
A legal principle stating that each party involved in a lawsuit should pay their own attorney's fees, except under specific circumstances where a statute or contract allows for the award of fees.
Assignee
A person or entity to whom rights or interests have been transferred by another, known as the assignor.
Successive Assignments
The process of transferring rights or interests in a property, contract, or other legal entity from one party to another multiple times.
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