Examlex
Choose the one alternative that best completes the statement or answers the question.
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Contract
A legally enforceable agreement between two or more parties with mutual obligations.
Bilateral Contract
A contract involving mutual obligations, where each party is both a promisor and a promisee.
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's performance of a specific task, rather than a promise in return.
Statute of Limitations
A law that sets the maximum time after an event within which legal proceedings may be initiated.
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