Examlex
Patrick Radden Keefe's The Snakehead describes (mostly) illegal immigrants to America from Fujian, a province in China. Many of the immigrants took incredible risks to get to the United States and have a hard time assimilating, but Keefe is very optimistic that their children will assimilate and have a much higher standard of living than their parents. What does Keefe believe the children will experience?
Letter of Credit
A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe and under agreed conditions.
Formal Contract
A contract that by law requires a specific form, such as being executed under seal, to be valid.
Unilateral Contracts
Contracts in which one party makes a promise in exchange for the other's performance, which fulfills the contract.
Informal Contract
A contract that does not require a specified form or formality in order to be valid.
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