Examlex
The primary goal of MNCs is to:
Predominant Factor Test
A legal doctrine used to classify a transaction within the framework of the Uniform Commercial Code (UCC) by determining the main purpose of the contract.
Liberally Administered
A principle or policy applied in a manner that is flexible, generous, or not strictly in accordance with strict rules or formalities.
Aggrieved Party
An individual or entity that has suffered legal wrong or harm, and who is entitled to bring a lawsuit against the party responsible for that harm.
Modified Contract
An agreement where the original terms have been altered or amended by the parties involved, following mutual consent.
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