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Mirror-Image Rule
is a principle in contract law stating that an offer must be accepted exactly without modifications; any changes constitute a counteroffer.
Uniform Commercial Code
A thorough aggregation of legal provisions steering all commercial operations throughout the United States.
Common Law
A legal system based on precedents and judicial decisions rather than statutory laws.
Lessee
An individual or entity who leases an asset from another, the lessor, under the terms of a lease agreement.
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