Examlex
Which of the following statements is correct?
Valid Offer
A proposal made by one party to another intending to create a legally binding agreement that is specific, definitive, and capable of acceptance.
Offer
A proposal presented by one party to another as a basis for negotiations towards a contract, indicating a willingness to enter into an agreement under specified terms.
Time Condition
A provision in a contract that stipulates that certain obligations or conditions must be fulfilled within a specified timeframe.
Flexible Contracts
Employment or service contracts allowing for adaptability in terms of job roles, work hours, and employment periods.
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