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What is a democratic socialist economy?
Indemnity
A contractual obligation by one party to compensate the loss incurred by the other party due to the acts of the indemnitor or other specified individuals.
Parol Evidence Rule
A legal principle stating that oral evidence cannot be used to contradict, modify, or add to the terms of a written contract.
Verbal Agreement
An arrangement or contract that is made through spoken word rather than written documentation, but can still be legally binding.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, rather than paying damages.
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