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Match the Person or Term with the with the Correct

question 7

Multiple Choice

Match the person or term with the with the correct description.
-American System


Definitions:

Materially Breached

A significant failure to meet one's contractual obligations, which permits the other party to the contract to either enforce the contract or be released from it.

Reasonable Value

Reasonable value refers to a fair or sensible amount or worth of goods, services, or property, often determined in a legal context.

Material Breach

A significant violation of a contract's terms, which undermines the agreement's fundamental purpose and provides grounds for legal action.

Quasi-contract

An obligation imposed by law to prevent unjust enrichment, even in the absence of a formal contract.

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