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subcontract

subcontract : a contract between a party to an original contract and a third party that assigns part of the performance (as building a house) of the original

promise

event collateral promise : a promise usually to pay the debt of another that is ancillary to an original promise, is not made for the benefit of the party making it, and must be in writing to

VerbarIn situ

In its natural or original position or place in position said specif in geology of a rock soil or fossil when in the

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privity

breach of warranty or negligence arising from a product could only be brought by a party to the original contract or transaction, and only against the party (as a retailer) directly dealt with. Only these parties had

exhaustion of remedies

forum (as a federal district court) until the remedies or claims have been exhausted in the forum having original jurisdiction (as a state court, tribal court, or administrative agency) compare primary jurisdiction at jurisdiction NOTE: The doctrine

estoppel

position to his or her loss called also estoppel in pais NOTE: Traditionally equitable estoppel required that the original position was a misrepresentation which was being denied in the new position. Some jurisdictions retain the requirement of

equity

[the inequities produced by the system are outnumbered by the equities] 2 a : a system of law originating in the English chancery and comprising a settled and formal body of substantive and procedural rules and doctrines

depreciation

cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost over the useful life of the property accelerated depreciation : the depreciation of property that was put

cover

v. Karl O. Helm AG, 736 F.2d 1064 (1984)"] n : purchase of goods in substitution for those originally contracted for when the seller fails to fulfill the contract [the buyer is always free to choose between

copyright

copyright : a person's exclusive right to reproduce, publish, or sell his or her original work of authorship (as a literary, musical, dramatic, artistic, or architectural work) see also common-law copyright, fair use

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