Examlex
The plural of calyx is calyces.
Bilateral Contract
An agreement between two parties where each promises to perform an act in exchange for the other's performance.
Unilateral Contract
A contract where one party makes a promise in exchange for an act by another party, becoming binding upon the performance of the act.
Past Consideration
In contract law, a benefit or service previously performed and therefore cannot serve as consideration for a current contract.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts.
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