A ruler is one of the most common measuring instruments. It comes in many sizes and shapes, depending on what it is needed for. The yardstick is a long ruler (3 feet long), and a measuring tape is yet another type of ruler, made of...
To be a binding contract, there must also be an offer and acceptance that involves the exchange of promises to act and/or provide goods, services or money. The act, promises, goods, services and/or money are called âconsideration.â In order to have a binding, enforceable contract, there must be consideration.
A service contract is a promise to perform, or pay for, certain repairs or services. Although a service contract is sometimes called an 'extended warranty,' under federal law, it is not a warranty, the FTC says.A warranty comes with the original price of the product, whereas a service contract costs extra.ind out how repairs are paid for, and if you must obtain prior authorization, and learn about the financial backing of the contract. Do remembere that there is a difference between warranties and service contracts. A warranty promises to perform needed repairs and that it be free of defects.