Examlex
Which of the following types of laws is most important to managers of sales programs?
Unilateral Contract
A legal agreement in which only one party makes a promise or undertakes a performance obligation in exchange for an act by the other party.
Breach of Contract
An act of breaking the terms set out in a contract, which can result in legal consequences for the party that fails to honor its commitments.
True Value
The genuine or actual worth of an item, service, or financial instrument as determined by underlying characteristics and market conditions.
Valid Contract
An agreement between two or more parties that is enforceable by law and meets all the legal requirements.
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