Examlex
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.
Consideration
The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.
Bargained-For Exchange
A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.
Genuine Assent
The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.
Undue Influence
An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.
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