Examlex
A firm has reached its shutdown point when price is equal to minimum average total cost.
Revealed Without Permission
The unauthorized disclosure of confidential or private information.
Innocent Misrepresentation
A false statement made by someone who believed it was true at the time, leading another to enter into a contract.
Common Law
A legal system based on custom, court rulings, and past precedents rather than written laws enacted by a legislature.
Sued for Malpractice
The legal action taken against professionals (e.g., doctors, lawyers) when they are accused of failing to provide the standard level of care, leading to harm or loss.
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