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Why is implicit communication more common and comfortable in high-context versus low-context cultures? Explain your rationale and support it with both an anecdotal example and the findings from one research study.
Unilateral Contract
A contract in which only one party makes a promise or undertakes a performance without requiring a reciprocal agreement from the other party, often associated with reward scenarios.
Oral Contract
An oral contract is an agreement between parties that is made verbally without written documentation but is still legally binding.
Counteroffer
A response to an original offer, modifying its terms, which effectively rejects the original offer and puts forward a new one for consideration.
Illusory Promise
A statement that appears to form a legally binding contract but, upon closer examination, lacks the firm commitment necessary to be enforceable.
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