Examlex
A company has a competitive advantage when its profitability is higher than the average for its industry.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the relevant parties to be enforceable.
20th Century
A historical period spanning from January 1, 1901, to December 31, 2000, known for significant technological, political, and social changes.
Enacted
A term referring to laws that have been officially made by a legislative body and have become effective.
Statute of Frauds
A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.
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