Examlex
The Edutext Company has adopted a system that allows its employees to use Windows-based applications.Each user has a machine that resembles a desktop PC.However,these desktop machines lack the processing power to perform all the tasks themselves,so they are connected to a server that stores the programs and data and provides the actual processing power.Edutext is using a system known as a(n) :
Market Price
The current price at which an asset or service can be bought or sold in a public market.
Output Contract
An agreement where one party commits to sell, and the other to buy, all of a particular producer's output, ensuring a market for the seller and supply for the buyer.
Reasonably Proportionate
A criterion for determining whether a particular measure or action is fair and appropriate in its scope relative to its intended outcome or objective.
Gap Filler
refers to provisions or measures in a contract that deal with situations where the parties have omitted details.
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