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In order to feed his cat, Mitchell has to open the kitchen drawer. Now whenever Mitchell opens the kitchen drawer-even if he's getting something other than cat food-his cat comes running in and starts meowing loudly while circling its food bowl. In this situation, the cat's behavior of running into the kitchen upon hearing the sound of the kitchen drawer is considered a(n) :
Liquidated Damages
A pre-determined amount of money agreed upon in a contract to be paid as compensation in case of a breach.
Supply Contract
A legal agreement between a supplier and a buyer that outlines the terms and conditions regarding the sale and delivery of goods or services.
Repudiation
The refusal to fulfill or discharge an agreement, obligation, or contract.
Exemption Clause
A contractual term that limits one party's liability in certain situations or for certain types of damages.
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