Examlex
Which of the following is not a factor of production?
Voidable
Refers to a legal agreement or transaction that is valid and enforceable, but can be annulled or terminated by one or more of the parties involved due to certain defects or circumstances.
Contract
A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.
UCC Contract
A contract regulated under the Uniform Commercial Code, which governs commercial transactions in the United States.
Terms
Conditions and stipulations outlined in a contract or agreement, specifying the rights and obligations of the parties involved.
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