Examlex
Nominal interest rates are the sum of two major components.These components are ________.
Incidental Damages
Collateral damages that result from a breach of contract, including all reasonable expenses that are incurred because of the breach; damages that compensate a person injured by a breach of contract for reasonable costs he incurs in an attempt to avoid further loss.
Consequential Damages
refer to losses that result indirectly from a breach of contract, extending beyond the direct and immediate damage.
Statute Of Limitations
Refers to the maximum period one can wait before filing a lawsuit, varying by the type of legal claim.
Alteration Of Contract
The process of modifying the terms and conditions of a contract, which can be done by mutual agreement of the parties involved or under certain conditions specified by law.
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