Examlex
One of the key elements in the Supreme Court's definition of an 'investment contract' is the right to a refund of the investment.
Misallocation
The inefficient distribution of resources, often leading to missed opportunities or wasted potential.
Labor
Labor refers to the human effort, both physical and mental, used in the production of goods and services.
Efficiency Loss
The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is unattainable, leading to a mismatch between supply and demand.
Empirical Studies
Research or studies based on actual and observable evidence, typically involving systematic observation or experimentation.
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Q42: _ liable on contracts with third persons.<br>A)
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