Examlex
An American tourist buys a ticket to an opera in Paris. The U.S. government classifies this transaction as:
Seller's Offer
A proposal by a seller to sell goods or services under specified terms and conditions to a buyer.
Void Contract
A legal agreement that is invalid from the outset and has no legal effect due to circumstances of its formation.
Voidable Contract
A contract that may be annulled or considered void at the option of one of the parties due to certain defects or circumstances affecting the contract's validity.
Quantum Meruit
A legal principle that determines the amount to be paid for services when no contract exists or when contractual terms are ambiguous.
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