bawl definition: To bawl is defined as to cry or wail loudly. (verb) An example of bawl is to sob loudly upon hearing bad news. ...
Consider these examples. When accepted by a vendor every PO becomes a contract, but not every contract is a PO. Some (but not all!) people view POs as a kind of one-time contract. Purchase Orders may cross-reference the terms of a negotiated contract. It's a common misconception that the level of detail in a PO is less than that of a contract.
An option contract allows a buyer and seller to enter into a contract for the sale of goods or real property but the sale is contingent upon certain terms, like a timeframe or an action. This type of contract contains the same elements as a regular contract, like: Offer made by the promisor. Acceptance by the promisee.