Examlex
A conflict of interest exists when a person is faced with a decision in which an action will harm one individual or group while benefiting another.
Statutory Law
Laws enacted by a legislative body, such as Congress or a state legislature, that governs society and is codified in statutes.
Predominant Purpose Test
A legal test used to determine whether a contract is primarily for the sale of goods or the provision of services under the Uniform Commercial Code.
Unconscionable
In contract law, a contract that is grossly unfair or one-sided; one that “shocks the conscience of the court.”
Acceptance
In contract law, the act of agreeing to an offer, thereby creating a binding contract.
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