Examlex
In order to minimize the amount or type of downsizing,some organizations have informed all staff that they can move to a four day work week with reduced pay.
Breach Of Contract
The failure to perform as explicitly stated or implied within the terms of a contractual agreement.
Option Contract
A contract granting one party the right, but not the obligation, to buy or sell a good or asset at a predetermined price within a specific time frame.
Postbox Rule
The Postbox Rule, also known as the mailbox rule, is a legal principle that determines the moment at which an offer is considered accepted, typically the moment the acceptance is sent.
Binding Contract
A legal agreement between two or more parties that is enforceable by law.
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