Examlex
Which of the following were not elements in the Treaty of Versailles affecting Germany?
Punitive Damages
Financial compensation awarded to a plaintiff in a lawsuit, intended to punish the defendant for particularly harmful behavior.
Novation
Novation is the legal process by which an existing contract is replaced with a new contract, involving the same or different parties, where the obligations of the original contract are extinguished and replaced by new obligations.
Exemption Clause
A contractual provision that seeks to limit or exclude one's liability in certain situations, often subject to legal scrutiny for fairness.
Fundamental Breach
A serious violation of a contract that allows the aggrieved party to terminate the agreement and sue for damages.
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