Examlex
The premise of ABC is that it takes activities to make products and provide services and these activities drive costs.
Mutual Assent
An agreement between parties that is reached after each party has a clear understanding of the terms and decides to enter the agreement.
Valid Offer
A proposal made by one party to another intending to create a legally binding agreement, subject to acceptance.
Accepted Properly
Refers to the act of formally agreeing to the terms of an offer or contract in a manner that meets all legal requirements.
Voidable
Describes a contract or agreement that may be nullified or cancelled by one of the parties involved.
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