Examlex
Farmers who use tractors instead of horse-drawn plows have greater yields.Which factor of production explains this result?
Money Damages
A sum of money awarded in compensation for loss or injury in a civil lawsuit.
Breach of Contract
The failure to perform any term of a contract, agreement, or settlement without a legitimate legal excuse.
Privity of Contract
The relationship between parties in a contract that allows them to sue each other but prevents any third party from doing so.
Novation
The act of replacing an existing contract with a new one, wherein all parties agree to make the switch.
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