Examlex
The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have otherwise taken place.
Catalogue Price
The price of items as listed in a catalogue, often suggesting retail pricing before any discounts.
Offer to Purchase
A formal proposal to buy a property or asset, typically including terms and price.
Offeree Dies
The cessation of an offer in contract law due to the death of the offeree, rendering the offer void.
Personal Representative
An individual legally authorized to manage the affairs of a deceased person's estate.
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