Examlex
What is the MIS system that manipulates information to create business intelligence in support of strategic decision making?
Breach of Contract
The violation of any term or condition of a binding legal agreement, which may result in legal action for remedy.
Illusory Promise
A statement that appears to commit to an action but does not actually bind the party to any obligation.
Promissory Estoppel
A legal principle that prohibits a party from going back on a promise made to another party, if the latter has reasonably relied on that promise to their detriment.
Option Contract
A contract granting one party the option to execute a transaction, such as buying or selling an asset at a future date.
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