Instructions: Identify the Following Terms

question 52

Short Answer

Instructions: Identify the following terms:
Robert Morris

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Definitions:

Implied

Understood or inferred without being stated directly.

Liquidated Damages

Liquidated damages are predetermined damages agreed upon by parties in a contract, to be paid if one party breaches the agreement.

Free-Will

The concept that humans have the ability to make choices that are not predetermined by past events or divine intervention.

Ordinary Circumstances

Conditions or situations that are considered usual or normal within a specific context or environment.