Examlex
Research shows there are only small differences in rates of social mobility among the highly industrialized countries.The United States does not have an exceptionally high rate of upward social mobility.In fact,some countries,such as Australia and Canada,have higher upward mobility rates than the United States.
Mirror Image
A rule in contract law stating that an offer must be accepted exactly with no modifications; the acceptance must "mirror" the offer.
Mutual Assent
Mutual assent is the agreement between parties to enter into a contract, demonstrated by offer and acceptance.
Counteroffer
A proposal made in response to an initial offer, containing different terms that must be accepted for a contract to be legally binding.
Merchant
An individual or business entity engaged in the buying and selling of goods for profit, typically possessing specialized knowledge in the goods traded.
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