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Popeye produces 20 cans of spinach in 8 hours.Wimpy produces 15 hamburgers in 10 hours.If each hamburger trades for 1.5 cans of spinach,then
Material Term
An essential clause or provision in a contract that significantly affects the rights and obligations of the parties involved.
Fraudulent Misrepresentation
A false statement made knowingly or recklessly with the intent to deceive and induce another to part with something of value or to surrender a legal right.
Deceit
A tort that arises when a party suffers damage by acting upon a false representation made by a party with the intention of deceiving the other.
Valid Contract
An agreement between two parties that is recognized by law and is enforceable by the legal system.
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