Examlex
All of the following statements are TRUE about the importance of external data sets EXCEPT:
Operation Of Law
Changes in rights or obligations that occur automatically due to existing legal rules, without the need for an agreement or court order.
Renunciation
The formal rejection of a claim, right, or possession, often involving legal ramifications.
Termination Option
A termination option is a contract provision that allows a party to end the agreement under specified conditions before its natural conclusion.
Operation of Law
Changes in legal status or rights that occur automatically due to existing legal rules, rather than through the action of any party.
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