Examlex
Which of the following is counted in GDP?
Contract
A legal agreement among two or more parties that is binding and enforceable by the legal system.
Age of Majority
The legally defined age at which an individual is recognized as an adult and is capable of assuming responsibility for their actions in civil and criminal law.
Breach of Contract
Occurs when one party fails to fulfill their duties or obligations as per the terms of a contract, potentially leading to legal action for damages or enforcement.
Legal Contract
An agreement creating obligations enforceable by law.
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