Examlex
Ethical dilemmas in the form of ___ may occur where a manager has privileged information regarding the activities of a customer and shares that information with another party.
Anticipatory Breach
An assertion or action by a party indicating they will not perform their contractual obligations before they are due to be performed.
Frustrated Contract
A legal concept referring to a contract that, through no fault of either party, is unable to be fulfilled due to unexpected circumstances, rendering the obligations impossible or radically altered.
Loss Apportionment
The process of determining the distribution of loss among different parties, often used in insurance and liability cases.
Liquidated Damages
A remedy requiring the party responsible for a breach to pay an amount specified in the contract.
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