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The __________ Is an Alternative Action If the Expected Result

question 37

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The __________ is an alternative action if the expected result fails to materialize.


Definitions:

Output Contract

An agreement in which a seller agrees to sell “all the goods we manufacture” or “all the crops we produce” to a particular buyer. See also requirements contract.

Valid Contract

A contract that is legally binding and fully enforceable by the court.

Future Goods

Goods that are not yet in existence or under the control of people; they include fish in the sea, minerals in the ground, goods not yet manufactured, and commodities futures.

Fish in the Sea

A metaphorical expression indicating that there are many options or opportunities available in a given context.

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