Key Terms Instructions: Please Define the Following Key Terms

question 42

Short Answer

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Max Planck

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Definitions:

Offeree

The person or entity to whom an offer is made, especially in the context of contract law.

Quasi-Contracts

Legal obligations created by courts where no true contract exists, to prevent unjust enrichment of one party at the expense of another.

Bilateral Contract

An agreement involving two parties where each side promises to perform a certain duty or pay a specified amount.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are freely transferable from one party to another.