Instructions: Identify the Following

question 22

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Upper South and Lower (Deep) South

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Definitions:

Oral Contract

A verbal agreement between parties that is legally binding.

Statute of Frauds

A rule in law that mandates specific contract types must be written and signed to be legally binding.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Unilateral Contract

An agreement where only one party makes a promise to perform in exchange for an act by the other party, who is not legally obligated to act.