Examlex
The issuer of a letter of credit must verify that the underlying transaction has been performed.
Legally Binding
A contract or agreement that is enforceable by law, obligating parties to fulfill their commitments.
Bilateral Contract
A type of contract that arises when a promise is given in exchange for a promise.
Payment of Funds
The act of transferring money from one party to another as a form of compensation or fulfillment of an obligation.
Moral Obligations
Duties that arise from ethical principles rather than legal requirements.
Q1: A contract involving both services and goods
Q2: Only the parties to a sales contract
Q13: When particular goods have been selected by
Q26: Jared agrees to purchase twelve computers from
Q33: Only the Secretary of Labor can bring
Q39: Janice Beadles owns a large cargo vessel
Q46: If a buyer chooses to cover the
Q47: Instruments are always negotiable.
Q47: John's son was not his agent but
Q51: Compensatory damages:<br>A)compensate consumers for their actual loss.<br>B)are