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What is the primary difference between an international governmental organization and a nongovernmental organization?
Age of Majority
The legally recognized threshold of adulthood when individuals are considered capable of managing their own actions and decisions, including entering into contracts.
Mental Illness
A broad range of medical conditions that affect a person's thinking, feeling, mood, ability to relate to others, and daily functioning.
Mailbox Rule
The principle that holds that an acceptance is valid when it is placed in the mailbox, whereas a revocation is effective only when received by the offeree. In some jurisdictions, the mailbox rule has been expanded to faxes.
Binding Contract
An agreement between two or more parties that is enforceable by law, where all parties have agreed to the terms through offer and acceptance.
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