Examlex
In a line organization, the staff manager has direct control over functions like production and marketing.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the involved parties, to prevent fraud.
Force Majeure
A legal clause exempting parties from fulfilling contractual obligations due to unforeseeable circumstances beyond their control, such as natural disasters.
Oral Agreement
A verbal commitment between two or more parties on a set of terms, which can be legally binding in certain circumstances.
Gifts and Gratuities
Items or payments given voluntarily without payment in return, often as a gesture of goodwill or for promotional purposes.
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