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Concisely explain the following terms in law relative to a business contract The Force Majeure clauses Balance of probability Privity of contract Parole evidence rule

Concisely explain the following terms in law relative to a business contract

    1. The Force Majeure clauses
    2. Balance of probability
    3. Privity of contract
    4. Parole evidence rule
    5. Termination by Frustration

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