Examlex
Divide and simplify.
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Good Faith
An honest intention to act without taking an unfair advantage over another party, typically in negotiations or contracts.
Subjective Standard
A legal benchmark that varies based on an individual's personal views, feelings, or experiences rather than objective facts or evidence.
Conditionally Liable
Refers to a legal obligation that becomes enforceable only upon the occurrence of a specified condition.
Stated Amount
The specified value or sum agreed upon in a contract for the provision of goods, services, or coverage.
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