Examlex
What are the responsibilities of a user of Information Systems?
Firm Offer
An offer in contract law that remains valid for a certain period of time and cannot be revoked during that period.
Option Contract
A legal agreement between two parties granting one the option, but not the obligation, to buy or sell an asset at a predetermined price within a specified period.
Revoked
The act of officially canceling or withdrawing a right, privilege, or membership.
Commercial Reasonableness
A standard used to evaluate the appropriateness of actions taken in a business context, ensuring they align with typical business practices and norms.
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