Instructions: Identify the Following

question 25

Short Answer

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.
MoveOn.org

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Definitions:

Text Acceptance

Acceptance of an offer or agreement through written text, often facilitated by digital means such as SMS or email.

Auction With Reserve

An auction in which the seller reserves the right to accept or reject the highest bid if it falls below a predetermined amount.

Contract

An agreement between two or more parties that is enforceable by law.

Condition Precedent

A contractual term that requires a specific event or action to occur before a contract becomes binding.