Assume you are a old bussniess law teacher and expert. Now define each term in the context of business law and explain it as well.
Provide two examples for each term, One a general and second from the real-life incident across globe.
It must have these headings:
1: Definition of the each terms:
2: Explanation:
3. General Example
3. Real-life example
Your answer should not be general but matched with the "business law text and Cases 15th Edition" book.
All output shall be in [TARGETLANGUAGE]. These words are:
[PROMPT] , [PROMPT] , [PROMPT]