Examlex
According to the Coase theorem,if private parties can bargain without cost,then the private market will always solve the problem of externalities.
Repudiation
The refusal to fulfill or discharge an agreement, obligation, or contract.
Exemption Clause
A contractual term that limits one party's liability in certain situations or for certain types of damages.
Cash Crop Vegetables
Vegetables grown primarily for sale to the market, rather than for consumption by the grower.
Legal Proceedings
The process of pursuing or defending a lawsuit, including all legal steps from the filing of a complaint through the final judgement.
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