Examlex
At college Jim is learning to speak French, but he keeps using Spanish words he learned in high school. What is this an example of?
Sale Or Return
A commercial arrangement where goods are provided to a buyer or reseller who has the option to return unsold items within a specified period instead of purchasing them.
Accord And Satisfaction
A legal agreement between parties to settle a dispute by agreeing on a payment that is different from the original obligation.
Novation
The process of replacing an obligation to perform with a new obligation or substituting a new party to an agreement.
Anticipatory Repudiation
An assertion or action by a party indicating they will not perform their future obligations under a contract, allowing the other party to treat the contract as breached.
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