Examlex
A researcher wants to study the effects of social class on consumption behavior. He establishes three different categories of social class in terms of amount of income. He then assigns each field worker a specified number of interviews with people in each income category although the interviewers are allowed to select who they interview. This is an example of
Breach of Contract
The inability to fulfill any condition of an agreement, whether documented or verbal, without a valid legal reason.
Mitigate Damages
A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage or loss.
Nonbreaching Party
The party in a contract who has not violated the agreement and is often entitled to legal remedies.
Reliance Damages
Compensation granted for loss suffered as a result of relying on a promise or agreement that was later breached.
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