The Most Frequently Used Electronic Fee-Based Databases Are Westlaw and LexisNexis

question 12

True/False

The most frequently used electronic fee-based databases are Westlaw and LexisNexis.

Understand bilateral and unilateral contracts through the lens of consideration and promises.

Examine exceptions to the rule requiring consideration in contract formation and enforceability.

Analyze the role of past consideration in contract law and its typical exclusion from forming valid consideration.

Acquire knowledge of special circumstances where courts might intervene in contract agreements, focusing on fairness and legalities involved.

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Definitions:

Interest Rate

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount per period.

Expected Rate

A statistical measure often used to indicate the anticipated return or performance of an investment or economic variable over a specific period.

Total Investment

The aggregate amount of money dedicated to the purchase of assets, stocks, bonds, property, or other investment vehicles with the potential for generating profit or income.

Interest Rate

The cost of borrowing money or the return on invested resources, typically expressed as a percentage of the principal amount per time period.