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In the HPAE,inflation is kept under control and budget deficits and foreign debt levels are kept within the ability of the governments and the economies to handle them,which is quite different from the past experience of the Latin American region.
Implied-In-Fact Contracts
Agreements that are not written but formed through the actions or conduct of the parties involved, implying mutual consent.
Legally Unenforceable
Pertains to a contract or obligation that, due to a lack of certain legal requisites, cannot be upheld by a court of law.
Offeror
The party in a contract negotiation who proposes a set of terms to another party (the offeree), initiating the offer for a contract.
Offeree
The person or entity to whom an offer is made, especially in the context of contract law.
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