Examlex
Where there is a conflict between state laws and federal laws,state laws will prevail since they understand the immediate needs of their citizens better.
Point
A distinct detail, fact, or piece of information relevant to a discussion or analysis.
Material Misrepresentation
A false statement or omission of a fact that significantly impacts another party's decision-making in a contract or legal agreement.
Justifiable Reliance
A principle in contract law requiring that a party's reliance on another's representation or promise must be reasonable and justified for it to be legally actionable.
Competent Parties
Individuals or entities that are legally capable of entering into a contract, meaning they have the mental capacity and legal authority to do so.
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