Examlex
If the defendant fails to serve an answer to the complaint within the time specified, he or she is considered to be .
Definiteness Standards
Legal criteria used to evaluate the clarity and specificity of contract terms, ensuring that all essential terms are clear enough to enforce the agreement.
Classical Contract Law
This term describes a legal framework that emphasizes freedom of contract, where contracts are agreements entered into voluntarily by the parties and are enforceable by law.
Binding Contract
An agreement between parties that is legally enforceable and has all the essential elements of a contract.
Offeror
The party in a contract proposition who makes the offer to enter into an agreement, proposing terms to another party, the offeree.
Q1: Why is it necessary to state the
Q2: A statute of limitations ordinarily begins to
Q15: When may a respondent refuse to respond
Q18: attachment
Q19: If an annuity costs $200,000 and yields
Q21: Why would a party use a declaratory
Q25: punitive damages
Q29: Federally insured investments include<br>A) savings accounts in
Q33: The more rapidly receivables turn over<br>A) the
Q45: Additional paid‑in capital is a current asset.