Examlex
The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives,but chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called
Contract Formed
The occurrence of a legally binding agreement between parties, brought into existence by their mutual consent to its terms and conditions.
Statute of Limitations
Legislation that determines the ultimate period following an occurrence in which legal actions can be commenced.
Voidable
A term referring to a contract or transaction that may be declared invalid by one party due to certain circumstances.
General Contract Law
The broad area of law concerning agreements between parties, including their formation, enforcement, and the remedies for breach.
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