Examlex
A free-rider problem exists for any good that is not
Standard Form Contract
A contract with fixed terms prepared by a business.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Binding
Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.
Postbox Rule
A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.
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