Examlex
Which of the following is an advantage of birds travelling in flocks?
Accord And Satisfaction
A legal agreement where a dispute is settled by one party providing something of value, which is then accepted by the other party as satisfactory resolution.
Novation
The act of replacing an existing contract with a new one, where a new party takes over the rights and obligations from an original party.
Substantial Performance
Substantial Performance is a legal concept where a party has completed a majority of its obligations, justifying payment or consideration despite minor faults.
Material Breach
A significant violation of a contract that goes to the essence of the agreement, giving the aggrieved party the right to terminate the contract and seek damages.
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