Examlex
Select the correct type for the following reaction.
Valid Assignment
Legally effective transfer of rights, property, or obligations from one party to another.
Consideration
Something of value that is exchanged between parties in a contract, a critical element for the contract to be legally binding.
Implied Warranties
Guarantees that are not written down or explicitly stated but are understood to exist in a transaction, providing assurance that a product or service will meet certain standards.
Assignor
The party in a contract who transfers their rights or interests to another party, known as the assignee.
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