Examlex
An apple orchard has an average yield of 30 bushels of apples/tree if tree density is 25 trees/acre. For each unit increase in tree density, the yield decreases by 2 bushels. How many trees should be planted in order to maximize the yield?
Contract Price
Contract price is the total financial cost agreed upon by all parties for the execution of the terms of a contract.
Usable Barn
A structure that is in a suitable condition for storage or housing of agricultural equipment, livestock, or farm produce.
Condition Precedent
A contractual clause requiring certain conditions to be fulfilled before a contract becomes effective or an obligation is to be performed.
Condition Concurrent
In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.
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