Examlex
Jordan just graduated with an advertising degree and started working for an advertising agency. He joined the local Advertising Federation club so he could learn more about doing his job from veterans in the industry. Which type of power does this ad club hold for Jordan?
Condition Precedent
A condition or event that must occur before a contract or a specific provision within a contract becomes effective or enforceable.
Illusory Promise
A statement or promise that is misleading or lacks the necessary intent to be legally enforceable.
Statutes Of Limitations
Laws that set the maximum time after an event within which legal proceedings may be initiated.
Law Of Repudiation
The legal doctrine concerning the refusal of a party to honor a contract, which can result in the contract being voided and possible damages awarded for breach of contract.
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