Examlex
The Uniform Commercial Code (UCC) defines a contract under the provision:
Accepted
Accepted in legal and commercial contexts refers to the express or implied agreement to the terms of an offer, thereby creating a binding contract.
Instantaneous Forms
Documents or agreements that become effective immediately upon execution or fulfillment of certain conditions.
Mirror Image Rule
A principle in contract law that requires the acceptance of a contract offer to be identical to the offer for a legally binding agreement to be formed.
Material Difference
A substantial and significant variation or discrepancy that affects the value or function of an item or agreement.
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