Examlex
A basis point is .01 percent.
Gap-Filling
Refers to the method used by courts or parties to resolve ambiguities or omissions in contracts, often by applying standard provisions or reasonable interpretations.
Presumptions
Beliefs or assumptions accepted as true on the basis of probabilities without direct evidence or proof.
Mailbox Rule
A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.
Dispatched
The process of sending off to a destination or for a purpose, often used in contexts of mail, orders, or tasks being sent out or completed.
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