Examlex
The other name for a Freeman retractor is a:
Unliquidated Debt
A debt for which the exact monetary value has not been determined, often due to the nature of the claim or disputes over the amount.
Preexisting Duty
A legal concept referring to a duty that a party is already legally obliged to perform, which cannot serve as consideration for a new contract.
Adequate Consideration
A value that is fair and reasonable under the circumstances for both parties involved in a contract, not necessarily equal in monetary terms but sufficient to support the agreement.
Payment In Full
A payment that settles a debt or obligation completely, leaving no remaining balance or outstanding dues.
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