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Whether It Is Stated in the Contract or Not,when a Breach

question 92

True/False

Whether it is stated in the contract or not,when a breach of contract occurs,the injured party will usually recover his or her attorney fees as part of compensatory damages.

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Definitions:

Third Party

An individual or group besides the two primarily involved in a transaction or legal situation, often providing additional services or involvement.

Agent

A person or entity authorized to act on behalf of another person or entity, known as the principal, in business transactions or legal matters.

Agreement

One of the four elements necessary for a contract; consists of an offer made by one party, the offeror, and the acceptance of the offer by another party, the offeree.

Principal

A principal can refer to the main party in a transaction or agreement, often used to denote the primary source of obligation or responsibility.

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