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Ralph Is a Professional Football Player

question 36

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Ralph is a professional football player.He signs a valid contract with the Miami Dolphins.Later,he claims that he was also promised free use of the Dolphins' private jet,but this was not in the contract.What type of clause in his contract would prevent him from flying away with this claim?


Definitions:

Units Sold

The quantity of an item sold by a company in a specific period.

Hard Rationing

A situation where companies cannot obtain funds for investment, even if they are willing to pay higher interest rates, due to external factors.

Net Present Value

A calculation that determines the current value of a series of future cash flows, discounted back to their present value at a specific discount rate.

Funding Requests

Applications or appeals for financial support, typically made by businesses or organizations to potential investors or grant bodies.

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