Examlex
Liabilities include ____.
Gratuitous Promises
Promises made without expecting anything in return, often lacking legal enforceability unless supported by formalities like a deed.
Consideration
Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.
Legal Consideration
A value promised to another party in a contract as an inducement to enter into the contract, which must be present for the contract to be legally binding.
Right To Smoke
This term does not refer to a universally acknowledged legal right but may pertain to specific regulations or allowances within designated areas where smoking is permitted.
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