Examlex
Regarding accuracy,a toothpaste ad stating that "brand A is the best" is considered an acceptable form of ________ because consumers generally understand that there is no credible way to determine what best means.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.
Oral Contract
An agreement between parties spoken out loud and not written down, yet still legally binding under certain conditions.
Memorandum of Agreement
A document outlining an agreement between parties before finalizing a more formal contract, detailing the preliminary terms and conditions.
Statute of Frauds
A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged.
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