Examlex
Clown fish have evolved to live safely between the stinging tentacles of certain sea anemones. The fish receives protection from predators, while the anemone receives some food from the fish. This relationship is an example of
Offer
A proposal by one party to another intending to create a legally binding contract if accepted.
Accept
To agree to the terms of an offer or contract, creating a binding legal agreement.
Contract
An agreement legally binding between two or more entities, carrying reciprocal duties.
Uniform Electronic Commerce Act
Legislation designed to standardize rules and regulations for electronic transactions to ensure legal recognition and enforceability.
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