What Is the World Bank

question 5

Essay

What is the World Bank?

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Definitions:

Valid Contract

A legal agreement that meets all the required elements, making it enforceable by law.

Effective Upon Dispatch

A legal principle where certain acts, such as sending a notification, are considered effective when they are dispatched, not when they are received.

Reasonable Period

An ambiguous span of time that is fair and appropriate under the circumstances, often used in contract and employment law.

Mirror Image Rule

A principle in contract law that requires acceptance to be on exactly the same terms as the offer to result in a contract.