Examlex
What was one of the key factors shaping human development in the first millennium BCE?
Valid Offer
A valid offer is a clear proposal made by one party to another indicating a willingness to enter into a contract under specified terms, which, if accepted, results in a binding agreement.
Firm Offer
Under the Uniform Commercial Code, a signed, written offer by a merchant containing assurances that it will be held open, and which is not revocable for the time stated in the offer, or for a reasonable time if no such time is stated.
Consideration
In contract law, something of value exchanged between parties that is necessary for a valid contract.
Offeror's Death
refers to the termination of an offer in contract law due to the death of the person making the offer before it is accepted.
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