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Lester, a chef and owner of Green Lantern, a popular restaurant, is always visiting his competitors to observe how they are doing things in their restaurants. He told one of his managers, "I eat dinner at a lot of restaurants because I want to know what is going on. I am always concerned that one of our competitors will surprise us with a new service or menu item, like ours but better." In which activity is Lester engaging?
Legal Offer
A proposal by one party to another intended to create a legally binding agreement upon acceptance.
Laser Printers
Printing devices that use a laser beam to transfer text and images to paper by selectively melting toner.
Contract
An agreement which is legally binding and involves more than one party, enforceable by legal means.
Verbal Agreement
An agreement made by spoken words which may be legally binding, though often harder to prove than written agreements.
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