Identify the Following Terms

question 110

Short Answer

Identify the following terms:
Israel's Golda Meir

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Definitions:

Bilateral Contract

An agreement between two parties where each party makes a promise to the other, with obligations and benefits on both sides.

Express Contract

A contract in which the terms of the agreement are explicitly stated by the parties, either verbally or in writing.

ESIGN

The Electronic Signatures in Global and National Commerce Act, a federal law that facilitates the use of electronic records and signatures in interstate and foreign commerce.

E-contracts

Legal agreements formed and signed digitally, using electronic means like email or web-based contract management platforms.