The United States Is the Only Country in the World

question 103

True/False

The United States is the only country in the world with minimum-wage laws.

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Definitions:

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than merely compensating the other party with damages.

Promissory Note

An economic tool involving a formal commitment from one entity to another to remit a specific amount of cash, payable either upon request or on a predetermined date in the future.

Third-party Complaint

A legal document filed in a lawsuit by a defendant who believes that a third party (not currently involved in the lawsuit) is partially or fully responsible for the claim filed by the plaintiff.

Counterclaim

A claim made by a defendant in a civil lawsuit against the plaintiff, essentially acting as a counter-lawsuit within the same proceeding.