Examlex
Which of the following is true about Internet Corporation for Assigned Names and Numbers (ICANN) ?
Reasonable Market Value
An estimate of the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Blackacre
A fictional name often used in legal documents or discussions to represent a hypothetical piece of real property.
Specific Performance
A legal remedy requiring a party to execute a contract according to its precise terms, typically applied in cases involving unique goods or property.
Compensatory Damages
Monetary compensation awarded to reimburse a plaintiff for actual losses suffered due to a defendant's wrongdoing.
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