Examlex
When only one of the parties drafts (writes) a contract, courts will interpret ambiguous or vague terms against the party that drafts them.
Special Use Loss
A financial loss incurred due to the specialized nature of property or equipment that limits its use or marketability.
Fundamental Breach
A severe violation of a contract that permits the aggrieved party to terminate the agreement and potentially seek damages.
Exemption Clause
Language within a contract designed to protect a party by restricting certain legal claims or liabilities.
Mitigate Loss
Actions taken to reduce the severity, seriousness, or painfulness of something, often used in the context of economics or law.
Q23: Which of the following is NOT a
Q32: Normally, the decision to submit a dispute
Q39: When a government assumes ownership of confiscated
Q41: Proving that a patent is invalid because
Q47: The mirror image rule is the same
Q50: A patent is a legal monopoly in
Q53: Discuss how some torts are crimes, while
Q66: Strict liability is a catchall phrase for
Q78: Interest-based negotiations are superior to position-based negotiation
Q82: The separation of powers between levels of