Examlex
Which of the following statements about the changing role of sales promotion agencies is true?
Implied in Fact Contract
An agreement inferred from the actions, behavior, or circumstances of the parties involved, rather than written or spoken words.
Article 2
Refers to a section of the Uniform Commercial Code that governs the sale of goods in the United States, setting forth the rights, duties, and obligations of sellers and buyers.
Common Law
A body of law based on judicial decisions and customs, as opposed to statutory laws.
Void Contract
An agreement that lacks legal validity or is unenforceable by law from the moment it is created, due to reasons such as illegality or incapacity of one party.
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