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| A legal obligation that arises from an agreement. A Binding Agreement that is legally enforceable. |
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| the actual bargain of the parties |
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| A court will enforce an agreement against a party. He is bound by an obligation to perform |
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| a manifestation of intent to act or to refrain from doing an act |
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| an act or omission (doing or refraining from doing something) |
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| Provisions that are part of a contract |
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| prior decisions of the same court or a higher court that a judge must follow; a decision on a certain set of facts which should be followed in a last case with substantially the same facts. |
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| let the decision stand. Judges us the decision of an earlier case to decide a later case. |
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| law found in the decisions of the courts rather than in statutes. Judge-made law. |
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| This is a treatise, a compilation of the generally accepted legal principles in an area of law. It is not binding and is not mandatory. It can be cited and a judge may consider the decision if there is no precedent. |
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| law created by legislation |
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| Statutory contract law developed by a committee, adopted in all states including NC in whole or in part. |
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| Uniform Commercial Code applying to domestic sales with two criteria - transactions involving the sale of goods and merchants. |
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| law made by the legislature in North Carolina |
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| Magnuson-Moss Warranty Act |
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| federal law that address warranties and sales of products for use by households, families, or individuals; consumer products |
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| compilation of federal statutory law |
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| a law protecting consumers who purchase substandard cars; a type of state consumer protection law. |
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| commercial transactions conducted electronically |
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| secondary sources that are scholarly books on a specific legal subject. |
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| a North Carolina formbook that covers forms for many topics |
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| Robinson, North Carolina Corporations |
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| type of formbook specific to corporations; this is a treatise, but at the end of it one can find forms. |
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| North Carolina Business Court |
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| specialized court in NC trial division. It hears cases involving complex issues on corporate and commercial law. |
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