Examlex
What is the shape of a perfectly elastic demand curve? Explain its significance for a seller.
Verbal Contract
An agreement between parties made through spoken words rather than in written form, still legally binding but harder to prove.
Breach
The violation or non-fulfillment of a legal agreement, duty, or contract.
Discharging
The process of fulfilling or settling a debt, obligation, or legal liability, effectively freeing one from the responsibility.
Judgment
A decision of the court.
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