Examlex
The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a complementary product.
Material Facts
Facts that are significant or essential to the issue at hand, and that can influence a decision or outcome.
Void
Refers to an agreement or contract that is deemed legally invalid and unenforceable from the outset, as if it never existed.
Reformation
A court-ordered correction or modification of a written contract to reflect the true intentions of the parties when the contract was mistakenly drafted.
Coverage Assumptions
Speculations or estimations regarding the extent and conditions of insurance policy coverage.
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