Examlex
In economics, abstraction from reality is necessary because of the complexity of the real world.
Implied-In-Law Condition
A condition in a contract created by the court to ensure fairness, which is not explicitly stated in the contract itself.
Strict Performance
The legal requirement that contractual obligations must be fulfilled exactly as agreed, with no deviations or errors.
Deliver a Deed
The act of officially transferring ownership of real property from the grantor to the grantee by handing over the deed document.
Reasonable Time
A period which is fair and appropriate under the circumstances, considering the specific context of the situation.
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