Examlex
Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Great Trek
Offer
A proposal by one party to enter into a legally binding agreement with another party.
Unilateral Contract
A contract in which only one party promises to perform without requiring a reciprocal promise to act from the other party.
Bilateral Contract
A legally binding agreement involving two parties where each is obligated to fulfill their respective promises or actions.
Enforceable Agreement
A contract or agreement that can be upheld and compelled by law.
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