Examlex
Explain the term expectancy.
Avoidable Losses
Losses that could have been prevented through reasonable care or alternative actions.
Waiver
The voluntary relinquishment or surrender of a known right or privilege.
Relinquishment
Relinquishment involves voluntarily giving up or surrendering a right, position, or claim, often in a legal or formal context.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations.
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