Examlex
An exclusive dealing contract is one type of contract which is illusory because it lacks consideration.
Deadweight Loss
The inefficiency caused in a market where all potential gains from trade are not realized due to factors like taxes or subsidies.
Per-Unit Tax
A tax imposed on a product on a per unit basis, raising the cost of production or sale for that product.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the incremental rate applied to income in the highest tax bracket.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), represented as a percentage.
Q6: Article 9 of the UCC makes ineffective
Q24: The Uniform Commercial Code provides that a
Q36: specific performance
Q36: An exculpatory clause attempts to excuse one
Q40: A contract is invalid if all of
Q51: A privilege may result in immunity from
Q60: The doctrine of necessaries applies in the
Q67: When does acceptance of an offer to
Q69: intermediate test
Q141: A reasonable person, as used in the