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t. e. The posting rule (or mailbox rule in the United States, also known as the " postal rule " or " deposited acceptance rule ") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted ...
Contract law. Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity ). Analysis of their operation is a traditional approach in contract law. This classical approach to contract formation has been modified by developments ...
An invitation to treat (or invitation to bargain in the United States) is a concept within contract law which comes from the Latin phrase invitatio ad offerendum, meaning "inviting an offer". According to Professor Andrew Burrows, an invitation to treat is. an expression of willingness to negotiate.
Claudia Severa (born 11 September in first century, fl. 97–105) [1] was a literate Roman woman, the wife of Aelius Brocchus, commander of an unidentified fort near Vindolanda fort in northern England. [2] She is known for a birthday invitation she sent around 100 AD to Sulpicia Lepidina, wife of Flavius Cerialis, commander at Vindolanda.
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COB – Close of Business. COC – Cost of Credit [2] or Cost of Capital [3] COD – Cost of Debt [4] or Cash on Delivery. COE – Center of Excellence or Cost of Equity [5] COGS – Cost of Goods Sold. Corp. – Corporation. COO – Chief Operating Officer. CPA – Certified Public Accountant. CPI – Consumer Price Index.
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The wooden tablets found at Vindolanda were the first known surviving examples of the use of ink letters in the Roman period. The use of ink tablets was documented in contemporary records and Herodian in the 3rd century AD wrote "a writing-tablet of the kind that were made from lime-wood, cut into thin sheets and folded face-to-face by being bent".
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