Learn what it means to ratify a contract, when it's required, and how it makes an agreement legally enforceable in business and contract law. 5 min read updated on May 07, 2025 Key Takeaways Ratification makes
To avoid this situation, you should thoroughly inspect the vehicle before driving it off the lot, take pictures of visible damage and alert an employee. Adding drivers: Most rental agencies charge a daily fee to add drivers to the rental contract. The cost is determined by the state and ...
How does the size of the law firm affect a lawyer's salary? The size of the law firm significantly affects lawyers' salaries. Larger firms typically have more resources available to pay larger salaries. Smaller firms on the other hand, may not be able to pay lawyers as much.Was...
Mutual wills can be used to ensure thatproperty passes to the deceased’s childrenrather than to a new spouse. Because of state differences in contract law, a mutual will should be established with a legal professional's help. Though the terms sound similar, a mutual will should not be conf...
A possible explanation for this result could be that firms quickly adapt to the implied-contract exception by updating their recruitment process.Footnote 9 In this way, the implied-contract exception acts more as a law, which imposes additional recruiting costs. Correspondingly, the labor market ...
Once you’re under contract on a home, you can finally officially apply for a mortgage. If you haven’t done so already, be prepared to provide your lender with all kinds of financial documentation proving your income and assets. Here’s a quick list of most of the documents you need to...
In a legal context, the term “due diligence” is often used to describe a comprehensive investigation or audit conducted by one party before entering into an agreement with another. Examples include: Before signing the contract, the company performed duediligenceto verify the financial stability of...
January 1, 2023 ushered in an amendment to the CCPA with the CPRA, and because employer exemptions weren’t extended, human resource data collected by an employer is now subject to the same requirements of the law as consumer data. The CPRA defines personal information as information that ide...
This law is in effect for many reasons, including the following: To prevent delayed lawsuits, i.e., legal suits being brought several years after an issue has arisen, i.e., breach of contract To put an end date to litigation; otherwise, legal suits would be brought at any time for ...
Many promissory notes also allow the lender to recover attorney fees and court costs, if outlined in the original agreement. Borrower Defenses to Default A borrower facing default allegations may have legal defenses, such as: Improper or lack of notice of default Ambiguous or missing contract terms...