Examlex
Creative Solutions Corporation (CSC) sells business application software-accounting and book-keeping programs,blank business forms,inventory control functions,and the like-in different combinations,in different packages,at different prices,downloadable online.To complete a deal,a purchaser clicks on a button that,with reference to certain terms,states,"I agree." What is this sort of agreement called? Do the parties have a binding,enforceable contract that includes the terms? Explain.
Eminent Domain
The authority of a government to take private property for public purposes, providing payment to the property owner.
Zoning
The regulatory process of dividing land into areas with specific uses, such as residential, commercial, or industrial, to control urban development.
Caveat Emptor
A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk regarding the quality of the goods purchased, unless they are protected by warranty.
Common Law
A body of law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or constitutions.
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