Examlex
Modulus of elasticity is a measure of how easily a material will stretch when pulled or how well the material will shorten when pushed.
Valid Contract
A legally binding agreement between parties that is enforceable by law, meeting all essential elements like offer, acceptance, consideration, and mutual intent.
Rejection
In contract law, an express or implied manifestation of an offeree’s unwillingness to contract on the terms of an offer. In sales law, a buyer’s refusal to accept goods because they are defective or nonconforming.
Firm Offer
A legally binding proposal in contract law, ensuring the offer remains open for a specified time without the need for consideration.
Irrevocability
The quality of being irreversible or unchangeable, often used in legal contexts to describe contracts or decisions that cannot be revoked or undone.
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