Examlex
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person.Which country can benefit?
Condition Precedent
A condition that operates to give rise to a contracting party’s duty to perform.
Close of Escrow
The finalization of a real estate transaction, where all conditions have been met and the property's title is transferred from the seller to the buyer.
Condition Subsequent
A condition in a contract that, when it occurs, terminates an existing obligation, making the contract's terms no longer binding.
Al Gore
A former Vice President of the United States who has been notably active in raising awareness about global warming and environmental issues.
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