Examlex
Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.
If a1, a2, a3, ... , an and b1, b2, b3, ... , bn are geometric progressions, then a1 b1, a2 b2, a3 b3, ... , an bn is also a geometric progression.
Binding Contract
An agreement between parties that is legally enforceable by law, containing all essential elements of a contract.
Unilateral Contract
A contract in which only one party makes a promise or undertakes a performance, while the other party accepts by performing the specified act.
Oral Acceptance
The verbal agreement to the terms of a contract, which in some cases can be legally binding, depending on the nature of the contract and jurisdiction.
Battle Of The Forms
A situation in contract law where two parties form an agreement based on differing standard terms and conditions, typically through the exchange of forms like purchase orders and invoices.
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