Comment on and Analyze the History,purpose,and Rationale for the Dispute

question 34

Essay

Comment on and analyze the history,purpose,and rationale for the Dispute Resolution Center.Define the benefits and drawbacks to this program.

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Definitions:

Unilateral Contract

A contract in which only one party makes an enforceable promise to do or refrain from doing something if the other party performs some act.

Binding Contract

An agreement between parties that is legally enforceable by law, containing all essential elements of a contract.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance, while the other party accepts by performing the specified act.

Oral Acceptance

The verbal agreement to the terms of a contract, which in some cases can be legally binding, depending on the nature of the contract and jurisdiction.