Examlex
According to the text,the constant sum should be considered an ordinal scale.
Classical Contract Law
This term describes a legal framework that emphasizes freedom of contract, where contracts are agreements entered into voluntarily by the parties and are enforceable by law.
Binding Contract
An agreement between parties that is legally enforceable and has all the essential elements of a contract.
Offeror
The party in a contract proposition who makes the offer to enter into an agreement, proposing terms to another party, the offeree.
Offeree
The party to whom an offer is made in a transaction or agreement.
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