Examlex
When the Federal Reserve pursues policies that increase interest rates, the amount of foreign funds flowing into the United States also increases.
Breach Of Condition
A violation of a specific condition in a contract that justifies the non-breaching party to terminate the contract and seek compensation.
Implied Repudiation
A situation where one party’s actions or inactions signal a refusal to fulfill their contractual obligations, suggesting an intention to breach the contract despite no explicit declaration.
Express Repudiation
The clear and unequivocal refusal to honor a contract or agreement, effectively declaring one's intention not to perform their contractual obligations.
Quantum Meruit
A legal principle allowing a party to recover costs for services provided when no contract exists, based on the reasonable value of the work.
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