| 单词 | exchange of contracts |
| 释义 | exchange of contracts exchange of contracts A procedure adopted in the sale and purchase of land in which both parties sign their copies of the contract, having satisfied themselves as to the state of the property, etc., and agreed that they wish to be bound. There need be no physical exchange of documents; the parties or their advisers can exchange contracts by agreeing to do so orally (for example, by telephone). From that moment the contract is binding and can normally be enforced by specific performance. Contracts for the sale of land must be in writing. |
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英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。