Examlex
Describe the purpose and nature of the following types of flowcharts:
• Systems
• Program or block
• Analytic
• Document
• Forms distribution
Contractual Obligations
Duties that a party is bound to perform under a contract.
Operation of Law
Operation of law refers to a legal change that occurs automatically due to the application of existing law, without the need for any direct action by the parties involved.
Offer of Performance
In contract law, an attempt made by one party to fulfill their part of the agreement, indicating willingness to adhere to the terms of the contract.
Tender
An offer of payment or service in fulfillment of an obligation, such as in contract performance or debt repayment.
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