Examlex
Government purchases,as a component of GDP:
Contractual Acts
The actions or deeds performed under the terms of a contract or agreement between parties.
Statute of Frauds
A rule of law stipulating that certain categories of agreements must be documented and signed to be legally binding.
Verbal Agreement
An oral contract in which the terms are agreed upon by spoken communication rather than written, yet is legally binding.
Retaining Walls
Structures designed to restrain soil to unnatural slopes, preventing erosion and providing support.
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