Examlex
Match the options below with this list.
Use each response once, being careful to select the best choice.
-national resource lands
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.
Entores Ltd.
A landmark case in contract law that established the principle that an acceptance of an offer becomes effective when communicated.
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