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A ball is drawn from a bag containing 16 red balls numbered 1-16 and 12 white balls numbered 17-28. What is the probability that the ball is white W and odd-numbered O?
Liquidated Damages
Pre-determined compensation agreed upon by parties in a contract for specific breaches, particularly delays.
Actual Damages
Compensation awarded to a plaintiff in a lawsuit for actual harm or loss incurred, as opposed to punitive or speculative damages.
Unenforceable
Describes a contract or agreement that, due to certain defects or limitations, cannot be legally upheld or compelled by a court.
Convention on Contracts
An international agreement or treaty that establishes uniform rules for commercial contracts between parties from different countries.
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