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Instructions: Identify the Following

question 2

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
"Gentlemen's agreement"


Definitions:

Risk of Loss

Refers to the legal responsibility for the damage, destruction, or loss of property, determining which party bears the risk.

Unconscionable

A term used to describe actions or terms in a contract that are so unfair or oppressive to one party that they are considered shocking to the moral conscience.

Contract Provision

A contract provision is a clause within a contract that specifies an agreement, obligation, or condition between the parties involved.

Enforced

The act of compelling compliance or obedience to laws, rules, or obligations through the application of authoritative measures.

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