Examlex
An advertisement on a web site touts that the software for sale enables users to enter typed text, handwritten comments, drawings, or sketches anywhere on a page and then save the page. What kind of software is this ad selling?
Consideration
A legal concept referring to something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Mirror-Image Rule
The principle that holds that the terms of the acceptance must mirror the terms of the offer; if the terms of the acceptance do not mirror the terms of the offer, no contract is formed, and the attempted acceptance is a counteroffer.
Mixed Sale
A contract that combines a good with a service or real estate.
Conditional Title
A legal status indicating that ownership of a property or asset will transfer from one party to another only after specific conditions have been met.
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