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BUSINESS LAW B GLOSSARY - University of Central Oklahoma
sites.uco.eduBUSINESS LAW B GLOSSARY Acceptance - an agreement to an offer resulting in a contract. Accord and satisfaction - an agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - the party appointed by the principal to enter into a contract with a third party on behalf of the principal. Alien corporation B one that is incorporated in a foreign country.