An Uncongested,non-Toll Road Is Characterized By

question 40

Multiple Choice

An uncongested,non-toll road is characterized by:

• A)nonexclusion and nonrivalry in consumption.
• B)nonexclusion and rivalry in consumption.
• C)exclusion and nonrivalry in consumption.
• D)exclusion and rivalry in consumption.

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Definitions:

Specific Performance

A legal remedy in contracts requiring the party who breached the contract to perform their contractual obligations, rather than simply paying damages.

Replevin

A legal action to recover personal property that has been wrongfully taken or detained.

Common Law

Law that is derived from custom and judicial precedent rather than statutes, often contrasted with statutory law.

F.O.B.

F.O.B. (Free On Board) is a shipping term used in international trade to indicate that the seller is responsible for the goods until they are loaded on a vessel at the specified location, after which the buyer assumes risk.