Examlex
On January 1, you bought one April S&P 500 index futures contract at a futures price of 1,420.If on February 1 the April futures price were 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs)
Adequate Compensation
Fair and reasonable recompense, often used in the context of eminent domain or when damages are awarded in a legal dispute.
Consequential Damages
Refers to indirect or secondary financial losses suffered as a result of a breach of contract, beyond the immediate scope of the contractual obligations.
Cover
In the context of contracts, the term refers to a buyer's procurement of goods as a substitute for those promised but not delivered by the seller.
Wrongful Repudiation
The unjustified refusal to fulfill the terms of a contract, thereby breaching the agreement.
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