Examlex
Which of the following statements about voltaic and electrolytic cells is correct?
Promise
An assurance given by one party to another, agreeing to do or not do something specified in the future.
Consideration
Consideration is a fundamental principle in contract law, referring to something of value exchanged between parties as part of an agreement.
Legal Value
Consideration or benefit recognized by law as sufficient to form a valid contract or enforceable obligation.
Gross Inadequacy
An extreme lack of sufficiency or competence in performance or provision, often referenced in legal contexts concerning contractual or fiduciary obligations.
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