Examlex
What is a fossil? How does a fossil differ from an artifact?
Screening
An action taken by an uninformed party to induce an informed party to reveal information.
Uninformed Party
An individual or entity in a transaction who lacks pertinent information or knowledge that the other party may possess, leading to a potential imbalance in the transaction.
Informed Party
An individual or entity that possesses full knowledge of the pertinent facts and information related to a specific transaction or situation.
Information Asymmetry
A situation in which one party in a transaction has more or superior information compared to another party.
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