Examlex
What term is used to measure machine cycle time?
Counteroffer
A proposal made in response to an offer, which effectively rejects the original offer and proposes new terms for an agreement.
Gap-Filling Presumptions
Legal principles or standards applied in contract law to address situations where the parties' agreement does not specify certain terms or conditions.
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly without modifications for a valid contract to be formed.
Material Changes
Significant alterations or modifications that could affect a company’s financial condition or the value of its shares, requiring disclosure to shareholders and regulatory bodies.
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