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Choose the One Most Appropriate Answer for Each

question 38

Multiple Choice

Choose the one most appropriate answer for each.
-local and state laws that set minimum construction standards


Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and provisions for the parties involved.

Postbox Rule

A legal doctrine that states that an acceptance of an offer becomes effective when it is posted, not when it is received by the offeror.

Modern Business

Contemporary commercial activities or enterprises that emphasize innovation, technology, and global outreach in operations and strategies.

Freedom Of Contract

The parties to a contract are generally not restricted as to the terms of their contractual agreements.

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