Examlex
Developers of computer systems often include a user name and password that is hidden in the system,just in case they need to get into the system and correct problems in the future.This is referred to as a
Material Defects
Significant problems in a property or product that affect its value, functionality, or safety, which are typically undisclosed to a buyer.
Specific Performance
A judicial remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are insufficient.
Reasonable Market Value
An estimate of the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Blackacre
A fictional name often used in legal documents or discussions to represent a hypothetical piece of real property.
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