Examlex
An example of a positive externality is:
Enforcement of Promise
The act of ensuring that a promise, especially one formalized in a contract, is fulfilled according to its terms.
Alaska Supreme Court
The highest court in the state of Alaska, responsible for reviewing decisions made by lower state courts.
Promissory Estoppel
A legal principle that prevents a promisor from arguing that an underlying promise should not be legally upheld or enforced, due to the promisee's reliance on that promise.
Written Contract
A legally binding agreement between two or more parties, documented in a written form.
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