Examlex
If the total expenditure on cars increases when the price of cars rises,the price elasticity of demand for cars is
Valid Offer
A proposal made by one party to another intended to create a legally binding agreement, provided it is accepted.
Immediate Termination
The abrupt end of an employee’s contract or employment status without any prior notice.
Unsolicited Merchandise
Items sent to a person without their request, where the law often stipulates that the recipient is not required to return or pay for these items.
Mirror Image Rule
A contract law principle stating that an offer must be accepted exactly without modifications for a contract to be formed.
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