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  2. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Example 1: Day 1: A makes an offer to B. Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4.

  3. List of government-owned companies - Wikipedia

    en.wikipedia.org/wiki/List_of_government-owned...

    In India, state-owned enterprise is termed a Public Sector Undertaking (PSU) or a Central Public Sector Enterprise (CPSE). These companies are owned by the Union Government, or one of the many state or territorial governments, or both. The company equity needs to be majority owned by the government to be a PSU. Below are some Examples.

  4. Contractual term - Wikipedia

    en.wikipedia.org/wiki/Contractual_term

    Knowledge and expertise: In Oscar Chess Ltd v Williams, [12] a person selling a car to a second-hand car dealer stated, as per a document received when he bought it, that it was a 1948 Morris, when it transpired it was a 1939 model car. It was held that the statement did not become a term because a reasonable person in the position of the car ...

  5. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    selected state (statio fisci) or self-governmental legal entities other than legal persons: budgetary units: e.g. State Forests National Forest Holding, Agricultural Social Insurance Fund, statistical offices and the Central Statistical Office, units of various state uniformed services, state inspections and their laboratories – operating on ...

  6. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  7. Letter of understanding - Wikipedia

    en.wikipedia.org/wiki/Letter_of_understanding

    A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service , a project or a deal and is often written as a step before a more detailed contract is issued.

  8. Transfer of Undertakings (Protection of Employment ...

    en.wikipedia.org/wiki/Transfer_of_Undertakings...

    it also now applies explicitly to a 'service provision change', i.e. contracting out services. An example of this case is RCO Support Services, r.3(1)(b) the regulations make clear that a service which is merely performing a 'single specified task' does not fall within TUPE, r.3(3)(a)(ii)

  9. Section 92 (10) of the Constitution Act, 1867 - Wikipedia

    en.wikipedia.org/wiki/Section_92(10)_of_the...

    "These works are physical things not services." [1] " 'Undertaking' is not a physical thing but is an arrangement under which of course physical things are used." [2] A transportation or communication work or undertaking will be under government control under section 92(10) where it is extending outside of the province.