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Describe the four stages in Piaget's theory of cognitive development. Be sure to address the abilities and limits of each stage.
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's performance, rather than a promise in return.
Prior Unenforceable Obligations
Refers to commitments or agreements that were not legally binding or couldn't be enforced due to certain conditions or deficiencies in their formation.
Consideration
Something of value (such as goods, services, money, or a promise) exchanged between parties in a contract.
Preexisting Contract
An agreement that was already in place before certain actions were taken or before a dispute arose.
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