Examlex
The internal rate of return equals the rate that yields a net present value of zero for an investment.
Assignment
The transfer of a contract right from one person to another.
Frustration of Purpose
A legal defense allowing parties to terminate a contract when an unforeseen event undermines the contract's principal purpose, rendering it impossible to fulfill.
Doctrine
A belief or set of beliefs held and taught by a church, political party, or other group.
Intention
A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.
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