Examlex
Pack journalism involves:
Collateral Promise
A secondary promise to pay another person's debt only if that person fails to pay.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.
Oral Contract
An agreement between parties spoken out loud and not written down, yet still legally binding under certain conditions.
Memorandum of Agreement
A document outlining an agreement between parties before finalizing a more formal contract, detailing the preliminary terms and conditions.
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