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In a micro-economic (or characteristic) based risk factor model, which factor would be one of many appropriate factors?
Willful Misconduct
Intentional or deliberate wrongdoing or reckless behavior by an individual, typically leading to harm or breach of contractual obligations.
Excludes Liability
A legal term that refers to clauses within contracts that attempt to limit or exclude one's responsibility for certain types of damages or losses.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, typically used when monetary compensation is not adequate.
Sale Of Goods
The transaction between a seller and a buyer in which the ownership of tangible personal property is transferred from one to the other, usually in exchange for money.
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