Examlex
Which of the following characteristics reduces the effectiveness of the Internet in creating informed citizens?
Novation
The act of replacing an old obligation with a new one, substituting a new party for an original party in an agreement, with the consent of all parties involved.
Restitution
The act of restoring or compensating someone for loss, damage, or injury that has been incurred.
Repudiated Contract
This term refers to a contract that has been rejected or declared void by one of the parties involved, indicating they do not intend to fulfill their contractual obligations.
Liquidated Damages
A contractual provision that determines in advance the amount of damages to be paid if a party breaches the agreement.
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