The Iron Triangle Concept Was Introduced in the 1990s

question 39

True/False

The iron triangle concept was introduced in the 1990s.

Differentiate between statutory and equitable assignments in contract law.

Comprehend the privity of contract rule and its exceptions.

Explain the implications of the parol evidence rule in contract interpretation.

Recognize the effect of non est factum in negating contractual obligations.

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Definitions:

Equity Securities

Financial assets representing ownership interest in a company, such as stocks, that provide voting rights and potential dividends.

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives).

Asset

Any resource owned or controlled by a business or an individual with the expectation that it will provide future economic benefits.

Articles Of Incorporation

Legal documents filed with a government body to legally document the creation of a corporation.