Option Contract - Law Dictionary Search Results
Contract of option
Matched in: Term Contract of option
option contract
Matched in: Term option contract
Voidable contract
Matched in: Term Voidable contract
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contract
Matched in: Term contract
Hire purchase agreement and contract for sale
Matched in: Term Hire purchase agreement and contract for sale
Hire purchase
A contract more fully called contract of hire with an option of purchase in which a person hires goods for a specified period and at a fixed rent with
sale
on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or her approval even though they conform to contract
cover
Under the Uniform Commercial Code, when a seller does not perform on a contract, the buyer has the option of covering, with the seller paying the difference between the cost of the cover and the original contract
derivative
take the form of customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly traded on such exchanges. Derivatives often involve a forward contract. adj 1 : arising
unilateral
made by only one party esp. because the other has already performed (as by paying an amount) [an option contract is ] uni·lat·er·al·ly adv
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