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The Legally Binding Agreement That Is the Essence of a Contract

question 48

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The legally binding agreement that is the essence of a contract is reached though a process of:


Definitions:

Drastic Change

Drastic change refers to a significant and often sudden alteration in circumstances, conditions, or the state of something.

Common Law

A legal system based on custom and court rulings rather than written laws, predominant in the UK and countries influenced by its legal traditions.

Federal Court System

The judiciary system of the United States, which includes the Supreme Court, appellate courts, and district courts, among others, responsible for interpreting and applying federal law.

Common Law

A body of law derived from judicial decisions and customs, as opposed to statutes.

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