Examlex
Which of the following is classified as a nondepository institution?
Partial Performance
An exception to the statute of frauds in which the performance of portions of an unwritten agreement by one or both parties can constitute proof that an oral contract exists between the parties.
Counteroffer
A counteroffer is an offer made in response to another, rejecting the initial offer and proposing new terms for an agreement.
Acceptance
In contract law, it's the expression of agreement to the terms of an offer, which then creates a legally binding contract.
UCC
The UCC serves as an extensive legal base for regulating commercial transactions of all kinds across the United States.
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