Examlex
Use the following selected information from XYZ Corporation to determine the return on assets for the year.
Specific Performance
A legal remedy where the court orders a party to fulfill their obligations under a contract, as opposed to awarding damages.
Waiver
A waiver is the voluntary relinquishment or surrender of some known right or privilege.
Supervening Illegality
A situation where a law change after an agreement is made renders the performance of the contract illegal.
Impossibility
A concept in contract law where unanticipated events make the fulfillment of a contract's terms unfeasible or unable to be completed.
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