Examlex
When is it appropriate to use the compromising style of managing conflict?
Lost Profits
Damages claimed in a lawsuit representing the profits one would have made but for another party's wrongful act.
Speculative
Involving a high risk of loss but also offering the potential for substantial gains, often based on future expectations rather than current realities.
Insolvent
Being insolvent means lacking the financial ability to pay debts when they are due, which can lead to bankruptcy or other legal financial proceedings.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, meant to harmonize the law of sales and other commercial transactions.
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