Legalese for being in violation of contractually agreed upon terms and conditions; failure to fulfill these obligations can result in outcomes ranging from penalty fees to alteration of terms to termination of the original agreement.
Rumpelstiltskin agreed to turn straw into gold to save the life of the miller’s daughter...in exchange for her first-born child. After giving birth, she refused to part with her child, placing her in breach of contract. Rumpy had his choice of remedies, including financial compensation (she offered him all her wealth), ending her life (never discussed), or altering the terms (which he chose, to his detriment).
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Finance: What is a Class Action Lawsuit?9 Views
Finance, a la shmoop. What is a class-action lawsuit? Okay there's a
class of victims wronged they took a drug that was supposed to grow hair on [People with beards looking angry]
their heads and it grew hair virulently only everywhere but their heads. All of
these victims gather their sufferings together and hire a team of lawyers who [Group of people putting money together]
then file as a class or group a lawsuit against the makers of that hair growth
drug who wronged them. Well that class action is done so that each individually
wronged, hairy person, doesn't have to separately hire their own lawyer and
file the expensive paperwork and so on to seek justice they wouldn't have been [Each person paying a seperate lawyer]
able to seek justice if each of them had to foot the bill for the likely 812
dollars in damages each, that doesn't buy you even a decent cup of coffee at a [The group are given bills by their lawyers]
lawyer's office for an initial set of meetings these days, so yeah instead with
a class-action lawsuit everybody's one consolidated class of plaintiffs and
when the suit is settled well they all share collectively in the booty and [Group of people looking and holding their money]
let's just hope that booty has been thoroughly waxed. [Man getting his butt waxed]
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