Examlex
The "glass ceiling" refers to strong but invisible barriers for women and minorities to promotion in organizations.
Fair Market Value
An estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.
Statute of Frauds
A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
Orally Agree
To come to a mutual decision or arrangement through spoken words rather than written documents.
Contract Rescission
The legal act of canceling a contract and returning the parties involved to their positions before the contract was signed.
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