Examlex
Mr. Patton makes a practice of writing short descriptions of his students' significant actions and statements. He usually writes these brief notes at the end of each day. Then, when he conferences with his students' families, he refers to these descriptions to share with the families. Which of the following is Mr. Patton most likely using?
Binding
A legal or contractual agreement that is enforceable in a court of law.
Lapsed
Refers to a policy or agreement that becomes invalid because it was not renewed or maintained as required.
Verbal Offer
A proposal made orally to enter into a contract or agreement, which can be legally binding if it meets certain criteria.
Invitation to Do Business
An expression of interest or a solicitation that is not legally binding, essentially a preparatory step to entering negotiations.
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