Examlex
Use fundamental identities to simplify the expression below and then determine which of the following is not equivalent.
Agent
A party who has the authority to act on behalf of and bind another party.
Third-Party Beneficiary
A person who is not directly involved in a contract but is entitled to benefits from its performance by the contracting parties.
Gratuitous Agent
An agent who acts without being paid for his or her services.
Consideration
The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.
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