Examlex
If an economy has to sacrifice only one unit of good X for each unit of good Y produced throughout the relevant range, then its production possibility frontier has:
Legally Enforceable Promise
A commitment or agreement that is recognized by law and can be upheld in a court of justice.
Release
In contract law, a promise made by one party agreeing not to sue a second party.
Legally Sufficient Consideration
Value that the law recognizes as adequate to form a binding contract, typically involving an exchange of goods, services, or promises.
Forbearance
The voluntary delay or suspension of an action, such as the enforcement of a debt obligation by a creditor.
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