Examlex
Which of the following is most highly conserved in a comparison between distantly related species (e.g.a fish and a primate) ?
Legal Benefit
An advantage or gain, especially in a contractual context, that a party receives, which constitutes consideration necessary for a valid contract.
Unilateral Contract
A contract in which only one party makes a promise or undertakes a performance, while the other side only has to perform if they choose to.
Forbearance
An agreement between a debtor and lender to temporarily postpone repayment of a loan, often to avoid default.
Illusory Promise
signifies a statement that appears to be a promise but does not actually bind the party making it to a particular action or outcome, thus lacking the substance necessary for a valid contract.
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