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The parties dispute the legal effect of a contested transaction. A party lost a first suit and then repackaged the same transaction under a new legal theory. Another actor changed position after relying on the relevant statement, document, or official action. The parties disagree about the legal effect of those facts. Which analysis is most consistent with these facts?

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Import a rule from a nearby issue instead of applying the rule triggered by these facts. Resolve the dispute on equitable fairness alone without identifying the governing doctrine or its limits. The court should resolve the dispute by applying the operative rule to the material facts: The answer should identify the governing rule for Claim and Issue Preclusion and apply it to the operative facts. Reject the claim or defense solely because the opposing party disputes a required fact.

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