Examlex
Suppose wish to explain violent crime as a function of city type and unemployment rate and you are concerned that the marginal effect of the unemployment rate might differ for cities and suburbs.You could control for this possibility by
Unilateral Contract
A contract where only one party makes a promise to perform an action in exchange for a performance by the other party.
Bilateral Contract
A contractual agreement in which both parties exchange mutual promises to perform certain things.
Proportional Recovery
The concept of obtaining a share of recovery or compensation that is directly proportional to one's loss or investment.
Common Law
A legal system based on court precedents and customs, as opposed to statutory laws.
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