Examlex
An area closer to the median plane is considered by anatomists to be distal, and an area farther from the median plane is considered proximal.
Liquidated-Damage Clause
A contract provision that specifies a predetermined amount of money that must be paid as damages for failure to perform under the contract.
Punitive Nature
Refers to measures or penalties intended to punish individuals or entities for wrongdoing, often in addition to compensatory damages.
Voidable
A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.
Insolvent Buyer
A purchaser who is unable to meet financial obligations or pay debts as they come due.
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