Examlex
Modern managers find that they can ________ if their employees are experienced, well-trained, and motivated.
Lapsed
Refers to a policy or agreement that becomes invalid because it was not renewed or maintained as required.
Verbal Offer
A proposal made orally to enter into a contract or agreement, which can be legally binding if it meets certain criteria.
Invitation to Do Business
An expression of interest or a solicitation that is not legally binding, essentially a preparatory step to entering negotiations.
Lapsed
Refers to something that has expired or fallen out of use, often due to the passage of time or failure to renew.
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