Incomplete contract/Definition: Difference between revisions

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A contract that does not fully specify what each party to it must do under every conceivable circumstance.
A contract that does not fully specify what each party to it must do under every conceivable circumstance.

Latest revision as of 23:28, 22 May 2008

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Incomplete contract [r]: A contract that does not fully specify what each party to it must do under every conceivable circumstance.