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Common Law
A body of legal principles that has developed over time through judicial decisions, as opposed to statutes or written laws.
Elements of an Offer
The key components that must be present for an offer to be legally valid in contract law, including intent, definiteness, and communication to the offeree.
Neutral Third Party
An unbiased individual or entity involved in a negotiation or conflict resolution, who does not favor any of the parties involved.
Quasi-Contract
A legal concept where a court imposes a contract-like obligation on a party to avoid unjust enrichment, even though no actual agreement exists.
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