Examlex
1-70.Moat tics
Firm Offer
An offer made in writing and containing assurances that it will be irrevocable for a period of time not longer than three months despite a lack of consideration for the irrevocability.
Irrevocability Period
The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.
UCC
Stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.
Finance Lease
A lease agreement where the lessee assumes both the risks and rewards of ownership of the asset, but legal title may not be transferred.
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