B

The notification of parties who may be interested in the opportunity to bid for an item or on a project, e.g. seeking requests for proposals for a project. … [Read more...] about BID SOLICITATION

An ultimatum to provide a final bid or offer where none further will be accepted. … [Read more...] about BEST AND FINAL OFFER

This term is properly used to distinguish a sale of liquors to be drunk for the pleasure of drinking, from liquors to be drunk in obedience to a physician's advice. Com. v. Mandeville, 142 Mass. 469, 8 N. E. 327. … [Read more...] about BEVERAGE

An invitation of friends to drink ale at the house of some poor man, who hopes thereby to be relieved by charitable contribution. It is something like "housewarming," i.e., a visit of friends to a person beginning to set up housekeeping. Wharton. … [Read more...] about BIDAL, OR BIDALL

Usually used in contracts. It means putting forth one's best efforts, a higher standard of effort than mere reasonable efforts or commercially reasonable efforts. If it can be done, even if at a very high cost, then the effort may be required under the agreement, while commercially reasonable efforts would not require the same. … [Read more...] about BEST EFFORTS