Examlex
Steven managed an auto parts store in the 1990s. How long would it have taken Steven to fulfill an order from the warehouse to his customer?
Real Obligation
A legal obligation that is tied to a specific property, requiring the fulfillment of some duty relative to that property.
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's act, rather than a promise in return.
Gratuitous Promise
A promise made without requiring some benefit or thing of value in return; not enforceable as a contract because it lacks consideration.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the law across jurisdictions.
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