Examlex
The S&P 500 accounts for most of the total market value of stocks traded in the United States.
Damages Award
Financial compensation ordered by a court to be paid to a plaintiff by a defendant as reparation for harm or injury.
Fundamental Breach
A serious violation of a contract that permits the aggrieved party to terminate the agreement and sue for damages.
Exemption Clause
A part of a contract that seeks to limit a party's liability for breaches of the contract or negligence, often subject to legal restrictions.
Bailment Contract
An agreement where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.
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