Examlex
What type of electronic monitoring involves an offender wearing a device around the wrist, ankle, or neck, which sends out a continuous signal?
Moral Hazard
A situation in insurance and contracts where one party takes more risks because they know they are protected or that another party bears the costs of those risks.
Adverse Selection
A situation in financial markets where buyers and sellers have different levels of information, leading to transactions that favor the party with more or better information.
Adverse Selection
A situation where asymmetric information leads to the selection of poor risks, often seen in insurance markets.
Pre-contractual Problem
Issues that arise before the formation of a contract, often relating to the disclosure of information or negotiation terms.
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