Examlex
Which of the following is a primary business process?
Mutual Assent
An agreement between parties that is reached when all involved parties have a matching understanding and intention to be bound by the terms.
Agreement Standard
The established criteria or clauses that form the basis of a contractual agreement between parties.
Acceptance
In contract law, it is the act of agreeing to the terms of an offer, thus creating a binding contract.
Commercial Reasonableness
A legal standard that measures the fairness of business practices, actions, or decisions in a commercial context.
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