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A collateral contract is usually a single term contract, made in consideration of the party for whose benefit the contract operates agreeing to enter into the principal or main contract, which sets out additional terms relating to the same subject matter as the main contract. [1] For example, a collateral contract is formed when one party pays ...
Cameron was born in 1876 in Oban, Argyll, and served his apprenticeship as a joiner in Glasgow. [3] On becoming a journeyman he moved to London, where he became an active member of the Amalgamated Society of Carpenters and Joiners (ASC&J), becoming the union's shipping delegate in 1912, and assistant general secretary in 1915, and general ...
Risk of loss is a term used in the law of contracts to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. Such considerations generally come into play after the contract is formed but before buyer receives goods, something bad happens.
Invitation to tender. An invitation to tender ( ITT, otherwise known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who ...
Contract law. In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract.
Shipping (derived from the word relationship) is the desire by followers of a fandom for two or more people, either real-life people or fictional characters (in film, literature, television series, etc.), to be in a romantic or sexual relationship. Shipping often takes the form of unofficial creative works, including fanfiction and fan art .