Examlex
The supplier of a factor of production has a reservation price of $100. The purchaser of the factor of production has a reservation price of $200. If the factor of production is unique, then:
Primary Duty
The main or most important obligation or responsibility that an individual or organization is expected to perform.
Reasonable Diligence
The level of effort and care expected from a person in a given situation, characterized by prudence, responsibility, and attentiveness.
Model Rule 3.3
A professional conduct rule for attorneys in the U.S., stipulating that a lawyer must not knowingly make false statements to a tribunal or fail to correct false statements made by the lawyer or the client.
Committing Perjury
The criminal act of lying under oath during a legal proceeding, which undermines the justice system's ability to ascertain the truth.
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