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Mirror Image Rule
The mirror image rule is a principle in contract law that requires an acceptance to be on exactly the same terms as the offer in order to result in a binding contract.
Statute of Frauds
A rule of law mandating that some contract varieties must be documented and signed by the involved parties to be legally binding.
Writing Requirement
A legal stipulation that certain contracts or agreements must be in writing to be enforceable.
Merchants
People or companies involved in buying and selling products, services, or commodities to make profits.
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