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In investment, a good ’til cancelled (GTC) order is an order to buy or sell a security at a specified price which remains in effect until executed or cancelled by the investor. [ 1 ]
In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.
The examples and perspective in this article deal primarily with the English-speaking world and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. (June 2015) (Learn how and when to remove this message)
In Canada, the Supreme Court of Canada has recognised that good faith contractual performance is a general organising principle of the common law.This duty applies to all contracts, requiring parties to act honestly in the performance of their obligations, and therefore would operate to determine whether activation of a termination for convenience clause had been done in good faith.
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Common examples include contracts for the sale of services and goods, construction contracts, contracts of carriage, software licenses, employment contracts, insurance policies, sales or leases of land, among others. A contractual term is a "provision forming part of a contract". [7]
The “good order and discipline” ideal was cited by U.S. Special Operations Command in July, when it announced that a San Diego-based Navy SEAL platoon in Iraq — part of Gallagher’s SEAL ...
The bodies of a California mother of three and her 19-year-old son were found dead by her daughter days before the family was set to celebrate Christmas.