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Find the Value of the Expression (12)3\left( \frac { 1 } { 2 } \right) ^ { 3 }

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Find the value of the expression (12) 3\left( \frac { 1 } { 2 } \right) ^ { 3 } .


Definitions:

Contractual Rights

Legal entitlements derived from agreements between parties that are enforceable by law.

Creditor Beneficiary

A third party that benefits from a contract made between two other parties, especially when the contract's purpose is to repay a debt or obligation.

Donee Beneficiary

A third party who benefits from a contract between two other parties, especially in cases where the contract is intended as a gift to the third party.

Second-party Beneficiary

A person or group that benefits from a contract, despite not being a direct party to that contract.

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