Examlex
A nurse is identifying priority interventions as part of community planning. What is a subjective criterion the nurse might use?
Inadequate Consideration
When the value exchanged in a contract is disproportionately small, calling into question the validity of the agreement.
Contract
A legally binding agreement between two or more parties that is enforceable by law, outlining obligations and rights of the parties involved.
Illusory Contract
A supposed agreement that lacks the necessary elements of a binding contract, giving the illusion of a mutual contract without any enforceable commitment.
Consideration Requirement
The consideration requirement is a fundamental principle of contract law that mandates a contract must involve an exchange of value between the parties for it to be legally binding.
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