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The use of the Internet, e-mail, chat rooms, and social networking sites such as Facebook:
Indefinite Offer
An offer in a contract that lacks specific, essential details, making it unclear or not concluded.
Material Terms
Essential provisions or clauses in a contract that are crucial to the performance of the agreement and integral to the contract’s objectives.
Market Price
The current price at which an asset or service can be bought or sold in the market.
Signed Memo
A written document that has been signed by the author or parties involved, often serving as a record or agreement.
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