Examlex
Other things constant, which of the following is inversely related to inflation?
Rescission
A remedy in contract law that annuls the agreement, returning both parties to their respective positions prior to the contract being made.
Liquidated Damages
A contractual provision that specifies a predetermined amount of money that must be paid as damages for failure to perform certain aspects of a contract.
Mitigate
To lessen a loss, for example, by victims of a breach, who have a duty to take all reasonable steps to minimize losses suffered.
Specific Performance
A legal remedy in contracts law requiring a party to fulfill their obligations under the contract, as opposed to paying damages.
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