Examlex
What are the ethical theories that consider the most important moral obligation to be maximization of positive outcomes and minimization of negative outcomes?
Breach
The act of violating a law, duty, or agreement, which can result in legal consequences or termination of the contract.
General Rules of Contract
Fundamental principles that govern the formation, interpretation, and enforcement of contractual agreements.
Capacity
The legal capability to understand the terms of a contract and to be held accountable for its obligations, or the maximum output or production ability of a facility.
Agency Relationship
A fiduciary relationship where one party (the agent) acts on behalf of another (the principal) in dealing with third parties.
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