Revocation of offer case law can occur any time before an offer is accepted. read more

A resolution ratifying prior acts lets decision-makers in a company authorize any decisions or acts made previously by the people who report to them. read more

The purpose of holding company is to allow those who own several businesses a way to limit liability and maintain ownership over each business. read more

Pay back contract definition is also known as a back month or far month contract. read more

Oral contract Massachusetts are legally enforceable depending on the contract type. read more

Injured party legal definition describes the person who has received injury in cases where one person has inflicted harm or wrongdoing on another person. read more

Understand the 3 types of incapacity in contract law—status, mental, and situational—and how they affect a party's ability to legally form contracts. read more

The importance of tort law in business is to have a way to defend against a financial loss that stems from the unlawful actions of others. read more

An implied promises clause is an agreement within a contract that is unwritten and enforceable based on the actions and circumstances of the parties involved. read more

Enforceable law definition means that an agreement has been made by two or more parties and includes the components of a valid contract. read more