Examlex
The term simultaneous processor applies to:
Previous Debt
An obligation or a financial liability that was incurred before the current period or transaction being considered.
Illusory Promise
A statement that appears to assure a commitment but lacks the essential elements to bind the promisor legally.
Option to Cancel
A clause in a contract that allows one or more parties to terminate the agreement under certain conditions.
Legally Sufficient Consideration
refers to something of value or a promise exchanged between parties in a contract that is recognized by law as adequate to establish a binding agreement.
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