Examlex
When data is "hard keyed" into the program, which of the following is true?
Substituted Contract
An agreement between the contracting parties to replace an existing contract with a new one, possibly altering terms or obligations.
Punitive Damages
Financial compensation awarded in a lawsuit intended to punish the defendant for especially harmful behavior and deter future misconduct.
Liquidated Damages
A predetermined sum of money agreed upon by the parties in a contract to be paid as compensation if one party breaches the contract.
Frustration of Purpose
A legal defense used in contract law where unforeseen events render the contract's purpose void and impracticable, absolving the parties from their obligations.
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