Examlex
Which of the following items is classified as a financial asset?
Adequate Refund
A reimbursement that is fair and reasonable under the circumstances, often related to the return of purchased goods or services.
Consequential Damages
Refers to secondary or indirect damages that result from a breach of contract, extending beyond the direct damage or loss incurred.
Unconscionable
Describes actions or terms that are so unfair or oppressive to one party that no reasonable or informed person would agree to them.
Limit by Agreement
"Limit by agreement" refers to contractual provisions where parties stipulate certain conditions or restrictions that limit their rights or obligations within the agreement.
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