Examlex
The rate of interest is the price at which money is borrowed and loaned.
Revoke Offer
The withdrawal of a proposal by the offeror before it has been accepted by the offeree, rendering the offer void.
Formal Contract
An agreement under seal.
Signed and Sealed
A phrase indicating that a document has been formally executed with the signature of the parties involved and sometimes a physical seal.
Postbox Rule
A legal doctrine stating that an offer is considered accepted once the acceptance is posted, not when the offeror receives it.
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