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Alison is at a workshop where a presenter is attempting to persuade people to make a rather risky but potentially profitable financial investment.After carefully considering the presenter's arguments,Alison finds this person's idea sound and compelling and decides to invest.This example best demonstrates the:
Oral Contract
An agreement between parties that is spoken and not written, yet is legally binding under certain conditions.
Indefinite Period
A time span without a specified end date.
Merger Clause
A contract clause providing that the written contract is the complete expression of the parties’ agreement. Also called integration clause.
Integration Clause
A provision in a contract that declares it to be the complete and final agreement between the parties, superseding all prior discussions or agreements.
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