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Common Law
A body of unwritten laws based on legal precedents established by the courts, contrasting with statutory law.
Doctrine of Substantial Performance
A legal principle that allows a contracting party to enforce the contract even if there are minor breaches, provided substantial performance of the contract has been achieved.
Perfect Tender Rule
A principle in the Uniform Commercial Code allowing a buyer to demand a full compliance with the contract terms for goods.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, designed to standardize and simplify the laws across the states.
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