Examlex
An incidental beneficiary can sue directly to enforce a promisor's promise.
Production Costs
The total expenses incurred in the manufacture of products, including raw materials, labor, and overhead expenses.
Efficient Outcome
An economic situation in which all resources are allocated in the most beneficial way, leaving no room for further improvement without making someone worse off.
Economic Policies
Measures taken by a government to influence its economy, including monetary, fiscal, and supply-side policies.
President Hoover
President Hoover refers to Herbert Hoover, the 31st President of the United States, who served from 1929 to 1933, and is often remembered for his administration's response to the early years of the Great Depression.
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Q78: Rescission is the substitution of one party