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The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .
In business and contract law, a forward-forward agreement (FFA) is a form of forward rate agreement in which party A agrees to lend party B the m 1 amount of money, at future time t 1. In return, B will pay to A a larger monetary amount m 2 at time t 2 > t 1. The name "forward-forward agreement" derives from the fact that both issuing and ...
Contra proferentem (Latin: "against [the] offeror"), [1] also known as "interpretation against the draftsman", is a doctrine of contractual interpretation providing that, where a promise, agreement or term is ambiguous, the preferred meaning should be the one that works against the interests of the party who provided the wording.
The Official Code of Georgia Annotated or OCGA is the compendium of all laws in the state of Georgia. Like other state codes in the United States, its legal interpretation is subject to the U.S. Constitution, the U.S. Code, the Code of Federal Regulations, and the state's constitution. It is to the state what the U.S. Code is to the federal ...
Continuing on the example above, suppose now that the initial price of Alice's house is $100,000 and that Bob enters into a forward contract to buy the house one year from today. But since Alice knows that she can immediately sell for $100,000 and place the proceeds in the bank, she wants to be compensated for the delayed sale.
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The Constitution of Georgia is the foremost source of state law. Legislation is enacted by the Georgia General Assembly, published in the Georgia Laws, and codified in the Official Code of Georgia Annotated (O.C.G.A.). State agencies promulgate regulations (sometimes called administrative law) which are codified in the Rules and Regulations of ...