Examlex
Regarding organizing the professions during the Progressive Era,
Prudent Businessperson
An individual who exercises care, diligence, and wisdom in making business decisions, similarly to how a reasonable person would act under comparable circumstances.
Specific Performance
A legal remedy requiring a party to perform a specific act, often the completion of a contract, rather than paying damages for non-performance.
Contract Law
The body of law governing the formation, execution, and enforcement of agreements between parties.
Frustration
A legal doctrine freeing both parties from their contractual obligations if an unexpected event renders the contract impossible to fulfill.
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